DALLAS (AP) _ Santander Consumer USA Holdings Inc. (SC) on Wednesday reported a second-quarter loss of $96.7 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of 30 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The consumer finance company posted revenue of $1.98 billion in the period, which met Street forecasts.
Santander Consumer shares have dropped 22% since the beginning of the year. The stock has fallen 33% in the last 12 months.