Ally Financial Inc. (NYSE:ALLY) outlined its third quarter earnings results on Friday 16th October 2020 before market open.
Ally Financial Inc. outlined quarterly income of $ 1.26 per share, from the revenue of $ 1,209.00 million. On adjusted basis, the firm reported income for the quarter of $ 1.25 per share. The consensus estimate are $ 0.68 income per share from revenues of $ 1552.98 million.
The third quarter financial report outlined, earnings beat street analysts by $ 0.57 or 83.82 percent, where as revenues fell short of analysts estimates by $ 343.98 million or 22.15 percent.
On the other hand, The quarterly earnings increased 29.90 percent compared with the same quarter last year, at the same time revenues grew 1.17 percent versus third quarter of last year.
Ally Chief Executive Officer Jeffrey Brown commented, In the third quarter, Ally delivered financial and operational results that reinforce the long-term resiliency of our company. While macroeconomic conditions have been challenging and volatile, we remain guided by a consistent set of strategic priorities, which drove our results this quarter. The adaptability and innovation that define our leading businesses positioned us well for the accelerating digital trends and evolving consumer demands in auto.
