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Santander Consumer: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

DALLAS (AP) _ Santander Consumer USA Holdings Inc. (SC) on Tuesday reported a first-quarter loss of $4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had a loss of 1 cent.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The consumer finance company posted revenue of $2.03 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2.04 billion.

Santander Consumer shares have declined 42% since the beginning of the year. The stock has declined 39% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SC at https://www.zacks.com/ap/SC