RIVERWOODS, Ill. (AP) — RIVERWOODS, Ill. (AP) — Discover Financial Services (DFS) on Wednesday reported second-quarter net income of $901 million.
On a per-share basis, the Riverwoods, Illinois-based company said it had net income of $3.54.
The results fell short of Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share.
The credit card issuer and lender posted revenue of $4.99 billion in the period. Its adjusted revenue was $3.88 billion, which beat Street forecasts. Seventeen analysts surveyed by Zacks expected $3.87 billion.
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