Discover Financial Services Q3 Profit Rises, Beats Estimates

Discover Financial Services (DFS) released earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $928 million, or $3.69 per share. This compares with $647 million, or $2.59 per share, in last year's third quarter.

Analysts on average had expected the company to earn $3.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $4.453 billion from $4.044 billion last year.

Discover Financial Services earnings at a glance (GAAP) :

-Earnings (Q3): $928 Mln. vs. $647 Mln. last year.
-EPS (Q3): $3.69 vs. $2.59 last year.
-Revenue (Q3): $4.453 Bln vs. $4.044 Bln last year.

by RTTNews Staff Writer

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