Synchrony: 4Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Synchrony Financial (SYF) on Friday reported fourth-quarter net income of $731 million.
The Stamford, Connecticut-based company said it had net income of $1.15 per share. Earnings, adjusted for non-recurring gains, were $1.10 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The consumer credit company posted revenue of $4.59 billion in the period. Its adjusted revenue was $4.03 billion.
For the year, the company reported profit of $3.75 billion, or $5.56 per share. Revenue was reported as $16.8 billion.
Synchrony shares have risen 0.5% since the beginning of the year. The stock has risen 23% in the last 12 months.