Discover Financial Services

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Discover Financial Services recently reported its fourth-quarter earnings, with earnings per share coming in at $1.54. This figure is down from the previous year and falls short of the $2.50 per share that analysts had anticipated based on FactSet’s survey. One notable increase is the company’s charge-off rate, which represents the percentage of outstanding debt that credit card issuers write off as a loss. This rate has jumped to 4.11%, up from 2.13% a year ago. As a result, the company experienced a 10% decline in its stock value during after-hours trading.

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LiveRamp:

LiveRamp is expecting to report a revenue of $174 million for its fiscal third quarter, which is a 10% increase compared to the same period last year. This figure surpasses the company’s own guidance of $165 million. Additionally, LiveRamp recently made a significant acquisition by acquiring data clean room software provider, Habu, in a cash-and-stock deal. This deal has been valued at $200 million. Following this announcement, LiveRamp’s stock rose by 9% after hours.

R1 RCM:

R1 RCM, a company that specializes in providing revenue-management services for healthcare providers, has successfully completed its $675 million acquisition of Acclara from Providence, one of the largest hospital systems in the country. As part of this acquisition, R1 RCM has entered into a 10-year partnership agreement with Providence to offer revenue-cycle services. R1 RCM anticipates that the Acclara deal and the new partnership will generate over $625 million in revenue by the fifth year of their collaboration. As a result of this positive news, R1 RCM’s stock experienced a more than 3% increase after hours.

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