logo
  

Discover Financial Services Q1 Profit Retreats, but beats estimates

Discover Financial Services (DFS) released earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $1.21 billion, or $4.22 per share. This compares with $1.55 billion, or $5.04 per share, in last year's first quarter.

Analysts on average had expected the company to earn $3.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $2.90 billion from $2.80 billion last year.

Discover Financial Services earnings at a glance (GAAP) :

-Earnings (Q1): $1.21 Bln. vs. $1.55 Bln. last year.
-EPS (Q1): $4.22 vs. $5.04 last year.
-Analyst Estimates: $3.62
-Revenue (Q1): $2.90 Bln vs. $2.80 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT