Market Overview

Recap: Discover Financial Q2 Earnings

Share:

Shares of Discover Financial (NYSE:DFS) moved lower by 1% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 151.72% over the past year to ($1.20), which missed the estimate of ($0.28).

Revenue of $2,662,000,000 decreased by 6.66% year over year, which beat the estimate of $2,660,000,000.

Guidance

Discover Financial hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $92.98

Company's 52-week low was at $23.25

Price action over last quarter: Up 43.74%

Company Overview

Discover Financial Services is a bank operating in two distinct segments: direct banking and payments. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. In addition, it generates revenue from payments processed on the Discover network. The Discover Network is the third- largest payment network as ranked by overall merchant acceptance, trailing Visa and Mastercard.

 

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Posted-In: Earnings