Shares of Synchrony Financial (SYF) were down 5.97% in pre-market trading on Tuesday, following the release of the company's fourth quarter 2024 earnings results.
The consumer finance company reported earnings per share of $1.91 for the quarter, narrowly missing analyst estimates of $1.93 per share. However, revenue of $4.59 billion exceeded expectations of $4.46 billion.
The slight earnings miss appears to be weighing on investor sentiment, overshadowing the revenue beat. Concerns around consumer spending trends and credit risk in the lending space may be amplifying the reaction to Synchrony's mixed quarterly results. With the Federal Reserve continuing to prioritize inflation control, the resilience of consumer finances remains a key focus for investors evaluating companies like Synchrony.
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