UPDATE: Synchrony Finl Q2 EPS $1.32 Beats $1.24 Estimate, Sales $4.12B Inline
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial (SYF) reported Q2 earnings of $1.32 per share, beating the analyst consensus estimate of $1.27 by 3.94%. However, this is a 17.5% decrease from the same period last year. The company also reported quarterly sales of $4.12 billion, beating the estimate of $4.05 billion by 1.73%, and marking an 8.36% increase from the same period last year.
July 18, 2023 | 9:54 am
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NEUTRAL IMPACT
Synchrony Financial's Q2 earnings and sales beat estimates, but earnings are down 17.5% from the same period last year. Sales are up 8.36% YoY.
While Synchrony Financial beat both earnings and sales estimates, the decrease in earnings from the same period last year might concern investors. However, the increase in sales could offset this concern, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100