By Robert Barba

Discover Financial Services (DFS) reported third-quarter net income of $720 million, up nearly 20% from a year earlier, as loans grew by 8%.

The credit-card company said Thursday that earnings per share were $2.05 for the quarter, just below FactSet's analyst estimates of $2.06 a share.

Revenue was $2.72 billion, up 7.9% from a year earlier. Analysts expected revenue of $2.71 billion.

Total loans at the end of the quarter were $86.9 billion. The company's net interest margin was 10.28%, flat from a year earlier.

Write to Robert Barba at robert.barba@wsj.com

(END) Dow Jones Newswires

October 25, 2018 17:01 ET (21:01 GMT)

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