RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported first-quarter profit of $1.1 billion.
On a per-share basis, the Riverwoods, Illinois-based company said it had profit of $4.25.
The results exceeded Wall Street expectations. The average estimate of 18 analysts surveyed by Zacks Investment Research was for earnings of $3.30 per share.
The credit card issuer and lender posted revenue of $5.49 billion in the period. Its adjusted revenue was $4.25 billion, also topping Street forecasts. Sixteen analysts surveyed by Zacks expected $4.22 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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