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Market Overview

Recap: Synchrony Finl Q4 Earnings

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Shares of Synchrony Finl (NYSE:SYF) rose 0.8% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 12.73% over the past year to $1.24, which beat the estimate of $0.91.

Revenue of $3,659,000,000 decreased by 9.18% from the same period last year, which beat the estimate of $3,550,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jan 29, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ktbanbkx

Technicals

Company's 52-week high was at $40.69

Company's 52-week low was at $12.15

Price action over last quarter: Up 34.59%

Company Description

Synchrony Financial, originally a spin-off of GE Capital's retail financing business, is the largest provider of private-label credit cards in the United States by both outstanding receivables and purchasing volume. Synchrony partners with other firms to market its credit products in their physical stores as well as on their websites and mobile applications. Synchrony operates through three segments: retail card (private-label and co-branded general-purpose credit cards), payment solutions (promotional financing for large ticket purchases), and CareCredit (financing for elective healthcare procedures).

 

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Posted-In: BZI-RecapsEarnings News

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