Investing.com - Discover reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Discover announced earnings per share of $4.22 on revenue of $2.9B. Analysts polled by Investing.com anticipated EPS of $3.6 on revenue of $2.99B.
Discover shares are down 7% from the beginning of the year and are trading at $109.51 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.22% from the start of the year.
Discover shares gained 2.34% in after-hours trade the report.
Discover follows other major Financial sector earnings this month
Discover's report follows an earnings missed by JPMorgan on April 13, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.66B.
Bank of America had beat expectations on April 18 with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7495 on revenue of $23.13B.
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