Santander Consumer: 2Q Earnings Snapshot
DALLAS (AP) _ Santander Consumer USA Holdings Inc. (SC) on Wednesday reported second-quarter earnings of $368.3 million.
The Dallas-based company said it had net income of $1.05 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The consumer finance company posted revenue of $1.95 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.96 billion.
Santander Consumer shares have increased 46% since the beginning of the year. The stock has climbed 32% in the last 12 months.