Discover: Q1 Earnings Snapshot
RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported first-quarter profit of $976 million.
On a per-share basis, the Riverwoods, Illinois-based company said it had net income of $3.58.
The results missed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $3.84 per share.
The credit card issuer and lender posted revenue of $4.7 billion in the period. Its adjusted revenue was $3.75 billion, surpassing Street forecasts. Seventeen analysts surveyed by Zacks expected $3.66 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DFS at https://www.zacks.com/ap/DFS