Investing.com - Discover reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Discover announced earnings per share of $-1.2 on revenue of $2.66B. Analysts polled by Investing.com anticipated EPS of $-0.13 on revenue of $2.65B.
Discover shares are down 40% from the beginning of the year , still down 45.47% from its 52 week high of $92.98 set on July 26, 2019. They are under-performing the S&P 500 which is up 1.4% from the start of the year.
Discover shares lost 2.31% 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 July 14, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar