Discover Financial Services reported a quarterly profit of $350 million on Thursday as consumers spent more on their credit cards and the company expanded its non-lending lines of business. The credit card lender and transaction-processing network said it earned 64 cents per share in its fiscal fourth quarter ended Nov. 30.
That compared with $371 million, or 63 cents per share, a year earlier, which included an after-tax benefit of $285 million from an antitrust settlement.
The company’s shares were up 16 cents to $19.29 in premarket trading. They have gained almost 30 percent this year.
