Discover: Q4 Earnings Snapshot
By AP News
Published - Jan 17, 2024, 04:27 PM ET
Last Updated - Jan 17, 2024, 04:27 PM EST
RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported fourth-quarter earnings of $388 million.
The Riverwoods, Illinois-based company said it had profit of $1.54 per share.
The results did not meet Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.
The credit card issuer and lender posted revenue of $5.6 billion in the period. Its adjusted revenue was $4.2 billion, beating Street forecasts. Seventeen analysts surveyed by Zacks expected $4.1 billion.
