Benzinga | Oct 21, 2020 04:52PM EDT

Recap: Discover Financial Q3 Earnings

Shares of Discover Financial (NYSE:DFS) fell 3.8% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 3.81% year over year to $2.45, which beat the estimate of $1.53.

Revenue of $2,714,000,000 decreased by 6.41% from the same period last year, which beat the estimate of $2,670,000,000.

Outlook

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

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

Recent Stock Performance

52-week high: $87.43

Company's 52-week low was at $23.25

Price action over last quarter: Up 17.37%

Company Description

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.