WASHINGTON (dpa-AFX) - Discover Financial Services (DFS) Tuesday reported first-quarter profit of $631 million or $1.31 per share, down from $673 million or $1.33 per share in the same period last year.
On average, 25 analysts polled by Thomson Reuters expected the company to earn $1.25 per share for the quarter. Analysts' estimates typically exclude special items.
Net-interest income improved to $1.56 billion from $1.41 billion last year. Other income amounted to $515 million, down from $582 million last year. Provision for loan losses increased to $272 million from $159 million last year.
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