WASHINGTON (dpa-AFX) - Discover Financial Services (DFS) revealed earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $386 million, or $1.54 per share. This compares with $1.02 billion, or $3.74 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $2.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.9% to $4.20 billion from $3.72 billion last year.
Discover Financial Services earnings at a glance (GAAP) :
-Earnings (Q4): $386 Mln. vs. $1.02 Bln. last year. -EPS (Q4): $1.54 vs. $3.74 last year. -Analyst Estimates: $2.51 -Revenue (Q4): $4.20 Bln vs. $3.72 Bln last year.
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