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Schwab stockThe Motley Fool
•69% Informative
Charles Schwab Corporation tumbled 8.8% through 12:55 p.m. EDT Tuesday despite beating analyst forecasts for the second quarter on both the top and bottom lines.
The company's earnings as calculated according to generally accepted accounting principles (GAAP) were actually only $0.66 per share.
The CEO warned that one effect of this move could be more earnings volatility in the company's future.
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