11:21 AM EDT, 07/16/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Charles Schwab ( SCHW ) shares were down 7.5% in recent Tuesday trading after the financial services company's Q2 adjusted earnings fell year-over-year and its revenue missed market expectations.

The company reported Q2 adjusted earnings of $0.73 per diluted share, down from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.72.

Revenue for the quarter ended June 30 was $4.69 billion, compared with $4.66 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.70 billion.

Price: 69.42, Change: -5.65, Percent Change: -7.53