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STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Synchrony Financial (SYF) on Tuesday reported second-quarter earnings of $569 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.32.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The consumer credit company posted revenue of $5.08 billion in the period. Its adjusted revenue was $4.18 billion, also surpassing Street forecasts. Fifteen analysts surveyed by Zacks expected $4.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SYF">Zacks stock report on SYF at https://www.zacks.com/ap/SYF