RIVERWOODS, Ill. (AP) _ Discover Financial Services (DFS) on Wednesday reported fourth-quarter net income of $799 million.

The Riverwoods, Illinois-based company said it had profit of $2.59 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.

The credit card issuer and lender posted revenue of $3.21 billion in the period. Its adjusted revenue was $2.82 billion, which met Street forecasts.

For the year, the company reported profit of $1.14 billion, or $3.60 per share. Revenue was reported as $11.09 billion.

Discover shares have increased 10% since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 3%. In the final minutes of trading on Wednesday, shares hit $99.89, an increase of 19% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DFS at https://www.zacks.com/ap/DFS

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