AP NEWS

Santander Consumer: 3Q Earnings Snapshot

October 30, 2019

DALLAS (AP) _ Santander Consumer USA Holdings Inc. (SC) on Wednesday reported third-quarter net income of $232.5 million.

On a per-share basis, the Dallas-based company said it had net income of 67 cents.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The consumer finance company posted revenue of $1.99 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2.01 billion.

Santander Consumer shares have risen 44% since the beginning of the year. The stock has climbed 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SC at https://www.zacks.com/ap/SC