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Benzinga
Benzinga
Business
Henry Khederian

FORGOTTEN HISTORY: Why charles schwab shares are getting hammered - Caught on Camera

Charles Schwab Charles Schwab Corporation NYSE

Charles Schwab Corporation Common Stock (NYSE:SCHW) shares are trading lower by 11.83% at $72.99 after the company reported worse-than-expected first-quarter EPS and sales results.

Charles Schwab reported quarterly earnings of 77 cents per share which missed the analyst consensus estimate of 84 cents by 8.33 percent. Charles Schwab also reported quarterly sales of $4.67 billion which missed the analyst consensus estimate of $4.83 billion by 3%. This sales figure represents a 1% decrease over sales of $4.71 billion in the same period last year.

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