5 Stocks That Surpassed Earnings Expectations

4. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 72

Shares of The Charles Schwab Corporation (NYSE:SCHW) hit an all-time high of $81 on Friday, 15 October 2021, after the Texas-based financial services company announced strong financial results for the third quarter.

The Charles Schwab Corporation (NYSE:SCHW) reported adjusted earnings of 84 cents per share, beating the consensus forecast of 81 cents per share. Revenue came in at $4.57 billion, ahead of analysts’ average estimate of $4.52 billion. The company had reported earnings of 51 cents per share on revenue of $2.45 billion in the comparable period of 2020.

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Speaking on the results, CFO Peter Crawford said:

“Consistent execution of our strategy and sustained business momentum, in combination with our diversified revenue model, helped produce impressive financial performance in the third quarter.”