Charles Schwab Q3 Adj EPS $0.77 Beats $0.75 Estimate, Sales $4.61B Miss $4.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab reported Q3 adjusted earnings of $0.77 per share, beating the analyst consensus estimate of $0.75 by 2.67%. However, the company's quarterly sales of $4.61 billion missed the analyst consensus estimate of $4.63 billion by 0.52%. This represents a 30% decrease in earnings and a 16.25% decrease in sales compared to the same period last year.
October 16, 2023 | 12:01 pm
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NEGATIVE IMPACT
Charles Schwab's Q3 earnings beat estimates but sales missed, marking a decrease in both earnings and sales compared to last year.
Charles Schwab's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates and both earnings and sales decreased compared to the same period last year, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100