May 1 Auto-lender Ally Financial Inc,
which went public in April, reported a 79 percent drop in
quarterly profit as the company's year-ago results included more
than $1 billion in income from discontinued operations.
Net income fell to $227 million, or 33 cents per share, in
the first quarter ended March 31, from $1.09 billion, or $2.16,
a year earlier.
Excluding the impact of the discontinued operations, the
company reported core pre-tax income of $336 million, compared
with a loss of $6 million.
(Reporting by Anil D'Silva in Bangalore and and Peter Rudegeair
in New York; Editing by Sriraj Kalluvila)