Ally Financial: Q4 Earnings Beat Estimates Despite Revenue Miss

Ally Financial Inc. (ALLY) reported fourth-quarter net income of $327 million, or 95 cents per share, with adjusted earnings of $1.09 per share, surpassing the average analyst estimate of $1.01 per share from nine analysts surveyed by Zacks Investment Research. Revenue for the quarter totaled $2.12 billion, slightly below the $2.13 billion forecasted by five analysts. For the full year, Ally posted $852 million in profit, or $2.37 per share, on $7.91 billion in revenue. The company’s shares have declined 6.1% year-to-date but rose 15% over the past 12 months. The results reflect stronger-than-expected profitability despite modest revenue shortfall.