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Why Discover Financial Stock Fell Sharply on Thursday

TheMotleyFool

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Why Discover Financial Stock Fell Sharply on Thursday: https://g.foolcdn.com/editorial/images/691322/person-looking-at-data-on-two-spreadsheets.jpg

Discover Financial Services'(NYSE: DFS) stock price sank significantly on Thursday morning following the release of its second-quarter earnings report. The credit card provider was down more than 10% at 11:16 a.m. ET, dropping to $98.30 per share. The stock price is down about 14% year to

While Discover's earnings were down, as expected, the company did beat earnings and revenue estimates.

Source Fool.com

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