Ally Financial: 4Q Earnings Snapshot

DETROIT (AP) _ Ally Financial Inc. (ALLY) on Wednesday reported fourth-quarter earnings of $290 million.

On a per-share basis, the Detroit-based company said it had net income of 70 cents. Earnings, adjusted for one-time gains and costs, were 92 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.

The auto finance company and bank posted revenue of $1.44 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.52 billion.

For the year, the company reported profit of $1.26 billion, or $2.95 per share. Revenue was reported as $5.8 billion.

Ally Financial shares have increased 12 percent since the beginning of the year. The stock has fallen 16 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALLY at https://www.zacks.com/ap/ALLY