STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Synchrony Financial (SYF) on Tuesday reported first-quarter profit of $805 million.
The Stamford, Connecticut-based company said it had net income of $2.27 per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $2.27 per share.
The consumer credit company posted revenue of $5.74 billion in the period. Its adjusted revenue was $4.77 billion, which topped Street forecasts. Five analysts surveyed by Zacks expected $4.67 billion.
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