UPDATE: Charles Schwab Q1 Earnings Beat Estimates

Charles Schwab

reported a 58% gain in its first-quarter profit. Charles Schwab's quarterly profit surged to $326 million, or $0.24 per share, versus a year-ago profit of $206 million, or $0.15 per share. Its revenue climbed 15% to $1.48 billion versus $1.29 billion. However, analysts were estimating earnings of $0.22 per share on revenue of $1.47 billion. Charles Schwab shares gained 3.70% to $26.23 in pre-market trading.