Discover Financial Services Reports Fourth Quarter Results: Net Income of $371 Million and Earnings Per Share of $0.63.

Business Wire › December 17, 2009

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Discover Financial Services Reports Fourth Quarter Results: Net Income of $371 Million and Earnings Per Share of $0.63.

RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) today reported income for the quarter and year ended Nov. 30, 2009 as follows:

[TABLE OMITTED] Fourth quarter income from continuing operations was $371 million, down 16% from the fourth quarter of 2008. After-tax income related to the Visa/MasterCard antitrust litigation settlement included in continuing after-tax earnings was approximately $285 million and $535 million in the fourth quarter of 2009 and 2008, respectively.

Full year income from continuing operations was $1.3 billion, up 22% from last year. Income from continuing operations for full year 2009 and 2008 included $1.2 bi...

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