Synchrony Financial (SYF) has reported a notable increase in profit for the fourth quarter compared with the same period from the previous year. The company's net earnings reached $753 million, or $1.91 per share, significantly up from the $429 million, or $1.03 per share, recorded last year.
The company also saw a 3.9% rise in revenue, totaling $3.801 billion, compared to $3.659 billion in the previous year.
A summary of Synchrony Financial's earnings, in accordance with GAAP, is as follows:
- Net Income: $753 million, up from $429 million the previous year.
- Earnings Per Share (EPS): $1.91, an increase from $1.03 last year.
- Revenue: $3.801 billion, compared to $3.659 billion last year.
