Edition:
India

Discover Financial Services Reports Q4 EPS $0.99


Thursday, 25 Jan 2018 

Jan 24 (Reuters) - Discover Financial Services ::REPORTS FOURTH QUARTER NET INCOME OF $387 MILLION OR $0.99 PER DILUTED SHARE.QTRLY CREDIT CARD LOANS GREW $5.8 BILLION TO $67.3 BILLION, ON DISCOVER CARD SALES VOLUME OF $35.3 BILLION.QTRLY NET INTEREST INCOME $2,120 MILLION VERSUS. $1,892 MILLION LAST YEAR.QTRLY PROVISION FOR LOAN LOSSES $679 MILLION VERSUS. $578 MILLION LAST YEAR.QTRLY TOTAL NET CHARGE-OFF RATE EXCLUDING PCI LOANS INCREASED 53 BASIS POINTS FROM THE PRIOR YEAR TO 2.92%.QTRLY TOTAL 30+ DAY DELINQUENCY RATE EXCLUDING PCI LOANS INCREASED 23 BASIS POINTS FROM THE PRIOR YEAR TO 2.20%.QTRLY NET INCOME INCLUDED NON-RECURRING CHARGES OF $189 MILLION RESULTING FROM ACTIONS TAKEN BY CO IN CONNECTION WITH TAX ACT.CHARGES IN QUARTER HAD EFFECT OF REDUCING DILUTED EARNINGS PER SHARE BY $0.52.Q4 EARNINGS PER SHARE VIEW $1.54 -- THOMSON REUTERS I/B/E/S. 

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