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Synchrony: 4Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Synchrony Financial (SYF) on Wednesday reported fourth-quarter net income of $783 million.

The Stamford, Connecticut-based company said it had profit of $1.09 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The consumer credit company posted revenue of $4.94 billion in the period. Its adjusted revenue was $4.4 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.25 billion.

For the year, the company reported profit of $2.79 billion, or $3.74 per share. Revenue was reported as $16.38 billion.

Synchrony shares have climbed 13 percent since the beginning of the year. The stock has fallen 31 percent in the last 12 months.


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