Investing.com - Discover reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Discover announced earnings per share of $2.45 on revenue of $2.71B. Analysts polled by Investing.com anticipated EPS of $1.55 on revenue of $2.66B.
Discover shares are down 28% from the beginning of the year, still down 30.70% from its 52 week high of $87.43 set on December 20, 2019. They are under-performing the S&P 500 which is up 6.34% from the start of the year.
Discover shares gained 3.15% in after-hours trade following the report.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on October 13 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar