AP News

News Summary: Discover tops 3Q expectations


EARNINGS SLIP: Discover Financial Services' fiscal third-quarter earnings slipped 3 percent to $621 million, or $1.21 per share. The results topped the average forecast of analysts, who expected $1.03 per share. Discover also topped expectations.

MORE CARD USE: Credit card loans and Discover card sales volume both increased 4 percent.

BETTER PAYMENT HABITS: Credit card loans over 30 days past due fell to an all-time low, dropping to 1.81 percent of balances. Defaults also fell.


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