DETROIT (AP) _ Ally Financial Inc. (ALLY) on Friday reported fourth-quarter net income of $652 million.

The Detroit-based company said it had net income of $1.79 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.02 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The auto finance company and bank posted revenue of $2.2 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.06 billion.

For the year, the company reported profit of $3.06 billion, or $8.22 per share. Revenue was reported as $8.21 billion.

Ally Financial shares have risen almost 3% since the beginning of the year. The stock has climbed 18% in the last 12 months.

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

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