Discover Q2 profit more than doubles

Reuters

NEW YORK (Reuters) - Discover Financial Services <DFS.N> said Thursday that quarterly profit rose over 132 percent, to $600 million, as customers spent more on their credit cards.

The Riverwoods, Illinois, credit card company on Thursday reported profit of $1.09 per share for the fiscal second quarter ended May 31.

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That compared with a year-earlier profit of $258 million, or 33 cents per share.

Discover shares closed down almost 1.9 percent on Wednesday, at $23.59 and rose about 1.8 percent in premarket trading on Thursday.

The company's shares have gained more than 27 percent this year.

(Reporting by Maria Aspan, editing by Gerald E. McCormick)