RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported third-quarter earnings of $965 million.
The Riverwoods, Illinois-based company said it had net income of $3.69 per share.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $3.28 per share.
The credit card issuer and lender posted revenue of $5.91 billion in the period. Its adjusted revenue was $4.45 billion, also surpassing Street forecasts. Fifteen analysts surveyed by Zacks expected $4.36 billion.
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