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Shares of Santander Consumer USA (NYSE:SC) surged 10% after the company reported Q1 results.
Earnings per share decreased 101.43% year over year to ($0.01), which beat the estimate of ($0.12).
Revenue of $2,029,000,000 higher by 6.06% year over year, which beat the estimate of $2,020,000,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Apr 28, 2020
Time: 10:05 AM ET
Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestors.santanderconsumerusa.com%2Fhome%2Fdefault.aspx&eventid=2161166&sessionid=1&key=3F18BF23627570485E8CBDD087D12B1B®Tag=&sourcepage=register
Company's 52-week high was at $27.75
52-week low: $9.74
Price action over last quarter: down 45.90%
Santander Consumer USA Holdings Inc is a US-based consumer finance company focused on vehicle finance and third-party servicing. Its core business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. The company operates its business in one reportable segment i.e. Consumer Finance which includes vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, RVs, and marine vehicles. It also includes personal loan and point-of-sale financing operations. The company's revenue consists of lease payment received, installments and other income.
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