Synchrony Financial Q3 Profit Falls to $864 Million as EPS Slips to $2.68

Synchrony Financial (SYF) reported a decline in third-quarter profit compared with the same period last year, with net earnings of $864 million, or $2.68 per share, down from $1.057 billion, or $2.86 per share. Revenue for the period rose 1.9% to $4.809 billion from $4.720 billion a year earlier, according to the company's GAAP results. The consumer financial services firm's bottom line contracted year over year despite the modest top-line gain.