STAMFORD, Conn. (AP) _ Synchrony Financial (SYF) on Monday reported second-quarter net income of $804 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.60.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The consumer credit company posted revenue of $4.07 billion in the period. Its adjusted revenue was $3.8 billion, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $3.68 billion.
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