Have you been eager to see how Charles Schwab SCHW performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:An Earnings BeatSchwab came out with earnings per share of 65 cents, beating the Zacks Consensus Estimate of 64 cents.Results benefited from improved revenues.How Was the Estimate Revision Trend?You should note that the earnings estimate revisions for Schwab depicted an optimistic stance prior to the earnings release. The Zacks Consensus Estimate has moved 1.5% upward over the last 30 days.Also, Schwab has delivered positive surprises in each of the prior four trailing quarters. Overall, the company has a positive earnings surprise of 3.8% in the trailing four quarters.Lower-than-Expected RevenuesSchwab posted net revenues of $2.58 billion, which marginally lagged the Zacks Consensus Estimate of $2.59 billion. However, it compared favorably with the year-ago number of $2.17 billion.Key Q3 Statistics: Net income jumped 49% year over year to $923 millionReturn on equity was 20% as of Sep 30, 2018A steady focus on serving investor needs has helped Schwab’s business grow to $3.56 trillion in client assets as of Sep 30, 2018Increase in average interest-earning assets by 21% to $258.3 billion at the end of the reported quarterWhat Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Schwab. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)How the Market Reacted So FarFollowing the earnings release, Schwab shares were up 2.3% in the pre-trading session. This is in line with what the stock witnessed in the prior-day’s session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.Check back later for our full write up on this Schwab earnings report!More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research