Discover Financial Services (DFS) Tops Q4 EPS by 12c

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Go back to Discover Financial Services (DFS) Tops Q4 EPS by 12c

Discover Financial Services (DFS) shares slide despite topping earnings expectations

January 19, 2023 8:32 AM EST

Discover 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