Synchrony Financial (NYSE:SYF) unwinded its third quarter earnings results on Tuesday 20th October 2020 before market open.
Key Numbers from third quarter earnings result
Quarterly income of $ 0.52 per share, from the net interest income of $ 3,457.00 million
Analysts Estimated top line of $ 3488.23 million and $ 0.70 income per share
Earnings missed analysts estimates by $ 0.18 or 25.71 percent
Revenues fell short of wall street view by $ 31.23 million or 0.9 percent
Earnings reduced 67.50 percent compared with the same quarter last year
Revenues down 21.23 percent versus third quarter of last year.
Margaret Keane, Chief Executive Officer, stated, During times of crisis and uncertainty, it is imperative to lead with the fundamental values and principles upon which an organization is built. At Synchrony, we continue to put our employees, partners, customers, shareholders and communities at the forefront of our decision making. Moving in an agile fashion, we quickly reallocated our resources to focus on the most critical priorities to sustain and drive business growth.
