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Charles Schwab Q3 adjusted EPS of $1.69 beats estimates

Investing.com +2 ·

SCHW Charles Schwab Corp
$96.80 +0.90%
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  1. 1Charles Schwab's Q3 adjusted earnings per share of $1.69 exceeded the analyst estimate of $1.66.
  2. 2Schwab shares fell approximately 2.6% in pre-market trading.
  3. 3CFO Mike Burbesque said deepened client engagement on the Schwab platform helped expand and strengthen the revenue model, contributing to a record $7.2 billion in Q3 revenue, up 17% year-over-year.

So what's the key point?

Charles Schwab earned more profit than experts expected. However, the stock price fell by about 2.6% before the market opened.

Source Investing.com +2 · View original ↗

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