STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Synchrony Financial (SYF) on Tuesday reported first-quarter earnings of $757 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.89.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The consumer credit company posted revenue of $5.55 billion in the period. Its adjusted revenue was $4.46 billion, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $4.55 billion.
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