Discover Financial Services (DFS) Misses Q4 EPS by 11c
Discover Financial Services (NYSE: DFS) reported Q4 EPS of $1.19, $0.11 worse than the analyst estimate of $1.30. Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $2.2 billion.
- Total loans grew $4.2 billion, or 6.4%, from the prior year to $70.0 billion.
- Credit card loans grew $3.0 billion, or 5.6%, to $56.1 billion and Discover card sales volume increased 4.5% from the prior year.
- Net charge-off rate for credit card loans increased 17 basis points from the prior year to 2.26% and the delinquency rate for loans over 30 days past due increased 1 basis point to 1.73%.
- Payment Services transaction dollar volume for the segment was $51.0 billion, up 2% from the prior year.
For earnings history and earnings-related data on Discover Financial Services (DFS) click here.
