RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported fourth-quarter net income 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.
For the year, the company reported profit of $2.94 billion, or $11.26 per share. Revenue was reported as $15.86 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
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