Charles Schwab Q4 2023 Adj EPS $0.68 Beats $0.64 Estimate, Sales $4.46B Miss $4.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Charles Schwab reported Q4 2023 adjusted EPS of $0.68, surpassing the $0.64 estimate, but sales of $4.46B fell short of the $4.48B estimate, marking an 18.88% decrease from the same period last year.
January 17, 2024 | 12:31 pm
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Charles Schwab's Q4 earnings surpassed EPS estimates but failed to meet sales expectations, with a significant year-over-year decline.
While Charles Schwab beat EPS estimates, which could be seen as a positive, the miss on revenue and the substantial decrease compared to the previous year's sales may concern investors. The mixed results could lead to neutral short-term price movement as the market digests both the positive and negative aspects of the report.
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IMPORTANCE 75
RELEVANCE 100