Synchrony Finl Q2 2024 GAAP EPS $1.55 Beats $1.36 Estimate, Sales $4.405B Beat $4.287B Estimate
Portfolio Pulse from Benzinga Newsdesk
Synchrony Financial (NYSE:SYF) reported Q2 2024 GAAP EPS of $1.55, beating the analyst estimate of $1.36 by 13.97%. The company also reported sales of $4.405 billion, surpassing the $4.287 billion estimate by 2.75%. This represents a 6.92% increase over the same period last year.
July 17, 2024 | 10:01 am
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Synchrony Financial (NYSE:SYF) reported Q2 2024 GAAP EPS of $1.55, beating the analyst estimate of $1.36 by 13.97%. The company also reported sales of $4.405 billion, surpassing the $4.287 billion estimate by 2.75%. This represents a 6.92% increase over the same period last year.
The better-than-expected earnings per share (EPS) and sales figures are likely to positively impact SYF's stock price in the short term. Beating analyst estimates by a significant margin typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100