Investing.com - Discover reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Discover announced earnings per share of $3.54 on revenue of $2.78B. Analysts polled by Investing.com anticipated EPS of $3.49 on revenue of $2.89B.
Discover shares are up 46% from the beginning of the year, still down 2.02% from its 52 week high of $135.69 set on August 13. They are outperforming the S&P 500 which is up 20.77% from the start of the year.
Discover shares lost 2.22% in after-hours trade following the report.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings beat by JPMorgan on October 13, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.79B.
UnitedHealth had beat expectations on October 14 with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.42 on revenue of $71.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar