Shares of Ally Financial Inc. (ALLY), a digital financial-services company, are rising more than 13% Friday morning after reporting better-than-expected fourth-quarter results.
Profit for the quarter declined to $251 million or $0.83 per share from $624 million or $1.79 per share in the same quarter a year ago.
However, excluding one-time items, earnings of $1.08 per share beat the average estimate of analysts polled by Thomson-Reuters of $1 per share.
Total revenue for the quarter increased to $2.201 billion from $2.199 billion last year.
Adjusted revenue was $2.163 bllion. The consensus estimate stood at $2.05 billion.
The company announced first-quarter dividend of $0.30 per share.
ALLY, currently at $29.63, has traded in the range of $22.34-$51.05 in the last 1 year.
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