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Santander Consumer USA Holdings Inc Receives Proposal For Remaining Shares from Santander Holdings USA, Inc
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DALLAS Santander Consumer USA Holdings Inc. (SC) on Wednesday reported first-quarter net income of $741.7 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had profit of $2.42 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The consumer finance company posted revenue of $2.05 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.07 billion.
Santander Consumer shares have climbed 48% since the beginning of the year. The stock has more than doubled in the last 12 months.