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 $1.24 by 6.45%. However, this is a 17.5% decrease from the same period last year. The company also reported quarterly sales of $4.12 billion, in line with analyst estimates, marking an 8.36% increase from the same period last year.
July 18, 2023 | 10:32 am
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Synchrony Financial's Q2 earnings beat analyst estimates but are down YoY. Sales met estimates and are up YoY.
While Synchrony Financial beat analyst estimates for Q2 earnings, the YoY decrease could be a concern for investors. Sales meeting estimates and increasing YoY is a positive sign, but the mixed results may lead to neutral short-term price movement.
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