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Discover Financial Services (DFS) shares slide despite topping earnings expectations
January 19, 2023 8:32 AM ESTDiscover Financial Services (NYSE: DFS) shares tumbled premarket Thursday after the company reported its fourth-quarter earnings, topping analyst expectations as investor focused on the weak credit outlook.
Discover posted earnings of $3.77 per share, $0.12 above the analyst consensus estimate of $3.65. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.67 billion.
The company said its results were driven by record loan... More
