Earnings Roundup: March 16

What follows is a roundup of corporate earnings reports for Tuesday, March 16.

Discover Financial Services reported after the bell.


Discover Financial

The credit card company posted a net loss for the first quarter of $103.5 million, or 22 cents a share, compared with a profit of $120.4 million, or 25 cents a share, last year.

The results included a pre-tax addition of about $305 million to its reserves. The reserve addition comes from a new analytical process the company is using to estimate incurred losses on non-delinquent accounts.

  • Get Real-Time Quotes for Discover Financial

*Reuters contributed to this report