Investing.com - The Charles Schwab (NYSE:SCHW) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
The Charles Schwab announced earnings per share of $0.62 on revenue of $2.62B. Analysts polled by Investing.com anticipated EPS of $0.63 on revenue of $2.62B. That with comparison to EPS of $0.69 on revenue of $2.72B in the same period a year before.The Charles Schwab had reported EPS of $0.62 on revenue of $2.61B in the previous quarter.Analysts are expecting EPS of $0.51 and revenue of $2.42B in the upcoming quarter.
The Charles Schwab shares are down 23% from the beginning of the year and are trading at $35.10 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.29% year to date.
The Charles Schwab shares lost 3.07% in pre-market trade the report.
The Charles Schwab follows other major Financial sector earnings this month
The Charles Schwab's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
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