logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Charles Schwab (SCHW) Beats Q3 Income and Revenue Expectations

  +Follow October 15, 2013 9:15AM
Share:

Shares of brokerage and investment firm Charles Schwab Corp. ($SCHW) were up over 7 percent in early trading after issuing a before-the-bell third quarter earnings report that showed the company beat both revenue and profit estimates for the quarter.

The San Francisco-based discount brokerage house saw revenues rise nearly 15 percent from the same quarter last year. Sterne Agee analysts Jason Weyeneth and Alex Levine attributed the revenue increase to reigned-in spending and stronger than anticipated interest income.

Weyenth and Levine did caution, however, that the market might be acting a little too exuberantly concerning the beat, and expressed concern over Charles Schwab’s “stretched valuation.” Following the earnings report, shares of the company rose to their highest level since before the Great Recession.

CFO Joe Martinetto said the company is keeping outlook for the rest of the year unchanged, “assuming an ongoing economic recovery.” Marnietto continued: “We expect our 2013 revenue growth will outpace expenses by approximately 100 to 200 basis points, helping us to achieve a pre-tax profit margin of at least 30% and earnings per share in the mid-$.70s for the year.”

For the third fiscal quarter, Charles Schwab reported net income of $282 million, or $0.22 per share, versus the $238 million, or $0.19 per share, from the same period a year ago. Revenue for the quarter was $1.37 billion, as compared to $1.34 million from the previous year. Analysts were expecting a profit of $0.10 per share on revenues of $1.34 billion.

After spiking in early trading, shares of Charles Schwab corrected slightly, and were trading at $23.26 a share midday, for a gain of 5.68 percent. Charles Schwab is up 45.95 percent on the year.

 

(image courtesy of Flickr)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for SCHW
Maleah
24 Oct 14 17:27:39
http://t.co/5qzSIjoPtA <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Maleah
24 Oct 14 17:17:48
From Parent’s Basement to Millionaire: http://t.co/WjCOYSzdjP $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
24 Oct 14 13:53:02
http://t.co/5qzSIjoPtA <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Timothy Sykes
24 Oct 14 11:45:12
We're working HARD on new http://t.co/mHlHGysaYE people already love it, but it's getting better, screw $ETFC $SCHW $IBKR
Timothy Sykes
24 Oct 14 08:38:57
Sorry to hear @thetitantrader @OptionsHawk see the brokers I use http://t.co/5a2IcgoUaP Optionshouse & $ETFC $SCHW not for me
Maleah
24 Oct 14 08:29:18
From Parent’s Basement to Millionaire: http://t.co/wLag1SDCYN $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
howardlindzon
24 Oct 14 08:18:20
I own $aapl $goog $msft $schw and $nke and $yelp but no $amzn and $nflx but think the next correction gets me in those too. Feels boring
Maleah
24 Oct 14 07:59:21
http://t.co/GiMIvdu1Jf <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Maleah
24 Oct 14 07:32:23
http://t.co/5qzSIjoPtA <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Ticker Report
24 Oct 14 04:43:55
Charles Schwab Corp Plans Quarterly Dividend of $0.06 $SCHW http://t.co/4p9HBAM6KG
Maleah
24 Oct 14 01:00:44
From Parent’s Basement to Millionaire: http://t.co/wLag1SDCYN $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Russell Barbour
24 Oct 14 00:07:51
From Parent’s Basement to Millionaire: http://t.co/0Hu2fDdqOt $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 23:06:03
From Parent’s Basement to Millionaire: http://t.co/WjCOYSzdjP $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 21:26:10
From Parent’s Basement to Millionaire: http://t.co/wLag1SDCYN $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 21:11:14
http://t.co/GiMIvdu1Jf <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Stock Moo
23 Oct 14 16:55:45
$schw: Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend http://t.co/JaYNfEtRtj
Analyst Ratings
23 Oct 14 16:27:01
Want the latest upgrades & downgrades for $PFSI $BXMT $BEP $SCHW $SCHW? Checkout ARN Daily http://t.co/nSJuDsYidj
Maleah
23 Oct 14 16:05:14
http://t.co/GiMIvdu1Jf <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
US Banking News
23 Oct 14 16:04:50
Charles Schwab Corp announces quarterly dividend of $0.06. Payable on 11/21/2014. 0.90% Yield. http://t.co/GvD9TmV1kj $SCHW #SCHW
Stock Moo
23 Oct 14 15:55:46
$schw: Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend http://t.co/u3gK83OmMi
MarketCurrents
23 Oct 14 14:47:50
Charles Schwab declares $0.06 dividend http://t.co/A11rnOzPfH $SCHW
BV Financials
23 Oct 14 14:42:15
$SCHW Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend.. http://t.co/Dc483VVflG
Matt Roehr
23 Oct 14 13:48:33
If my numbers are correct, couple more quarters and $SCHW may exceed revenue reached in Q1 2000. Ouch.
Dividend Master
23 Oct 14 12:11:16
@RSmithInc the folks at $SCHW $ETFC $AMTD beg to differ . Have data to show retail bought in big starting late last year ( at the top)
Lauren Holmes
23 Oct 14 10:57:24
$SCHW $IBKR or $ETFC we like online brokers if rates go up. Read our analysis here http://t.co/IhJaUAjPfb
Jim
23 Oct 14 09:09:21
RT @TMLTrader: $SCHW How to Find and Own America's Greatest Opportunities by William O'Neil featuring Charles Schwab via IBD $STUDY http://…
Daily Contracts
23 Oct 14 08:36:02
Real-Time feed of company contracts, original agreements and executive updates from Charles Schwab Corporation $SCHW http://t.co/oegeN9jhcc
Media Sentiment
23 Oct 14 07:24:59
$SCHW received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 406
Market Int Center
23 Oct 14 07:21:01
Schwab $SCHW Showing Bearish Technicals With Support At $25.56 ( http://t.co/bo2Q30hvZK )
MarketCurrents
23 Oct 14 06:52:02
Morningstar wins research business from Schwab http://t.co/1ZPTB4jPpY $MORN $SCHW
TML Trader
23 Oct 14 05:51:22
$SCHW How to Find and Own America's Greatest Opportunities by William O'Neil featuring Charles Schwab via IBD $STUDY http://t.co/hVGTTXZ3AA
Russell Barbour
23 Oct 14 05:45:22
From Parent’s Basement to Millionaire: http://t.co/0Hu2fDdqOt $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 04:55:28
From Parent’s Basement to Millionaire: http://t.co/wLag1SDCYN $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 04:18:37
http://t.co/5qzSIjoPtA <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 03:41:37
From Parent’s Basement to Millionaire: http://t.co/WjCOYSzdjP $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
23 Oct 14 01:13:01
http://t.co/GiMIvdu1Jf <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
InterCooler
23 Oct 14 01:06:17
Charles Schwab Corp Sees Significant Decrease in Short Interest $SCHW http://t.co/UUpYt151S5
junnisin garcia rami
23 Oct 14 00:57:20
RT @AmericanBanking: Short Interest in Charles Schwab Corp Decreases By 11.9% $SCHW http://t.co/nxRU1b004F
US Banking News
23 Oct 14 00:39:01
Short Interest in Charles Schwab Corp Decreases By 11.9% $SCHW http://t.co/nxRU1b004F
WKRB News
23 Oct 14 00:29:17
Short Interest in Charles Schwab Corp Decreases By 11.9% $SCHW http://t.co/xzNW6CUc8w
Maleah
22 Oct 14 21:46:00
From Parent’s Basement to Millionaire: http://t.co/wLag1SDCYN $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Maleah
22 Oct 14 19:53:53
http://t.co/5qzSIjoPtA <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $NXPI $ETFC $SCHW $IBKR
Maleah
22 Oct 14 15:25:17
From Parent’s Basement to Millionaire: http://t.co/wLag1SDCYN $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
ETF Trends
22 Oct 14 15:20:05
Raymond James Unveils Commission-Free #ETF Lineup for #RIAs http://t.co/QA75WKf50o #ETFs #trading #investing $SCHW $AMTD $WETF $IVZ $STT
Tom Lydon
22 Oct 14 15:15:04
Raymond James Unveils Commission-Free #ETF Lineup for #RIAs http://t.co/iFmKEwm2bF #ETFs #trading #investing $SCHW $AMTD $WETF $IVZ $STT
ETF Trends
22 Oct 14 15:10:22
J.P. Morgan, Global X Will Partner on Two New #ETFs http://t.co/IYBuwtWKXy #ETF #indexing $JPM $JPGE $SCHW
Maleah
22 Oct 14 15:07:25
From Parent’s Basement to Millionaire: http://t.co/WjCOYSzdjP $VOXX $VSR $RIBT stocks #trading $NXPI $ETFC $SCHW $IBKR
Tom Lydon
22 Oct 14 15:05:28
J.P. Morgan, Global X Will Partner on Two New #ETFs http://t.co/dicCEYF5VK #ETF #indexing $JPM $JPGE $SCHW
InsiderTradingWire
22 Oct 14 15:00:18
CHARLES SCHWAB R, Chairman of Charles Schwab Co Sells $13,172,075 Worth of $SCHW - #Form4 #InsiderTrading - http://t.co/AWJwz0KFyL
NASDAQ
22 Oct 14 14:58:02
$SCHW - Statement of Changes in Beneficial Ownership (4) http://t.co/wCkyWXR7qk
				
				
  +Follow October 15, 2013 9:15AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.