Synovus Financial quarterly profit falls

jueves 25 de octubre de 2007 22:24 CEST

Oct 25 (Reuters) - Synovus Financial Corp (SNV.N: Cotización) said quarterly profit fell 8 percent, due to weakness in its residential construction and residential development portfolios.

The Columbus, Georgia-based financial services company reported third-quarter net income of $142.1 million, or 43 cents a share, compared with $154.1 million, or 47 cents a share, in the year-ago quarter. Excluding items, earnings were 45 cents a share.

Analysts had expected earnings of 49 cents a share, according to Reuters Estimates. (Reporting by Sweta Singh in Bangalore)