Synchrony Finl Q3 EPS $1.48 Beats $1.43 Estimate, Sales $4.36B Miss $4.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial (SYF) reported Q3 earnings of $1.48 per share, beating the analyst consensus estimate of $1.43 by 3.5%. However, the company's quarterly sales of $4.36 billion missed the analyst consensus estimate of $4.39 billion by 0.68%. The earnings represent a 0.68% increase from the same period last year, while the sales represent an 11% increase.
October 24, 2023 | 10:04 am
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NEUTRAL IMPACT
Synchrony Financial's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Synchrony Financial's earnings beat could be seen as a positive sign by investors, potentially driving the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100