Schwab stock drops after company falls short of adj. earnings and revenue mark

Charles Schwab Corp. SCHW stock fell 2% in premarket trades Wednesday after the brokerage company fell short of Wall Street’s targets for adjusted earnings and revenue. Schwab said its fourth-quarter net income rose 25% to $1.97 billion, or 97 cents a share, from $1.58 billion, or 76 cents a share in the year-ago quarter. Schwab’s adjusted earnings in the latest quarter totaled $1.07 a share, short of the forecast of $1.09 a share by analysts surveyed by FactSet.

... Charles Schwab Corp. SCHW stock fell 2% in premarket trades Wednesday after the brokerage company fell short of Wall Street’s targets for adjusted earnings and revenue. Schwab said its fourth-quarter net income rose 25% to $1.97 billion, or 97 cents a share, from $1.58 billion, or 76 cents a share in the year-ago quarter. Schwab’s adjusted earnings in the latest quarter totaled $1.07 a share, short of the forecast of $1.09 a share by analysts surveyed by FactSet.

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