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Santander Consumer misses 4Q profit forecasts

Santander Consumer posts 4Q profit of $61.3 million, result misses forecasts

DALLAS (AP) _ Santander Consumer USA Holdings Inc. (SC) on Wednesday reported fourth-quarter net income of $61.3 million, after reporting a loss in the same period a year earlier.

The Dallas-based company said it had profit of 17 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The consumer finance company posted revenue of $1.63 billion in the period.

For the year, the company reported profit of $766.5 million, or $2.13 per share. Revenue was reported as $6.53 billion.

Santander Consumer shares have climbed 2 percent since the beginning of the year. The stock has risen 4.5 percent 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

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Keywords: Santander Consumer, Earnings Report