STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Synchrony Financial (SYF) on Wednesday reported third-quarter net income of $1.08 billion.
The Stamford, Connecticut-based company said it had net income of $2.86 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
The consumer credit company posted revenue of $5.73 billion in the period. Its adjusted revenue was $4.72 billion, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $4.69 billion.
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