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CORRECTED-Discover Financial profit rises 7 pct
July 22, 2014 / 8:17 PM / 3 years ago

CORRECTED-Discover Financial profit rises 7 pct

(Corrects spelling of “Discover” in paragraph 1)

July 22 (Reuters) - Credit card issuer Discover Financial Services Inc reported a 7 percent rise in quarterly profit as customers spent more using credit cards in a recovering U.S. economy.

Net income rose to $644 million, or $1.35 per share, from $602 million, or $1.20 per share, a year earlier.

Revenue, net of interest expense, rose 6.4 percent to $2.17 billion. (Reporting by Avik Das in Bangalore; Editing by Joyjeet Das)

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