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You're browsing: Archived News » 05 All Articles, 05 HSBC Metris » Article Title: Metis Profit Falls as HSBC Buys Metris
08
Nov
Metis Profit Falls as HSBC Buys Metris
Research

MINNETONKA, Minn. (AP) - Credit-card issuer Metris Cos., currently being bought by a unit of HSBC Holdings PLC., on Monday reported third-quarter profit fell 13 percent, on a revenue decline of 5.1 percent.

Quarterly profit fell to $53.7 million, or 39 cents per share, from $61.8 million, or 48 cents per share. Revenue declined to $184.5 million from $194.4 million in the year-ago period.

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