SAN FRANCISCO (AP) -- A company that's announced plans to create 500 new technology and managerial jobs in Colorado says its fourth-quarter profit matched what it earned in the same period a year ago, even as its revenue fell.
San Francisco-based brokerage Charles Schwab says it earned $308 million, or 27 cents per share, in the last three months of 2008. That was in line with the $308 million, or 26 cents a share, it earned a year ago when it had slightly more shares outstanding.
Excluding discontinued operations, net income rose 1 percent in the quarter.
Schwab says revenue fell 5 percent to $1.28 billion.
Thomson Reuters says analysts were expecting earnings of 26 cents per share on revenue of $1.28 billion.
Schwab made the Colorado announcement yesterday.