SYF posts $2.59 GAAP EPS, beating expectations, while revenue misses slightly amid 8% purchase volume growth.
Synchrony Financial reported second-quarter GAAP earnings per share of $2.59, surpassing estimates by $0.46. Revenue reached $3.72 billion, up 1.9% year-over-year but falling $10 million short of projections.
Purchase volume climbed 8% to $49.8 billion, while loan receivables increased 2% to $102.2 billion. Average active accounts remained flat compared to the prior period.
The results reflect continued growth in consumer spending, though revenue fell slightly below analyst expectations.