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Alliance Data: 2Q Earnings Snapshot

July 23, 2020 GMT

COLUMBUS, Ohio (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported second-quarter net income of $38.4 million.

The Columbus, Ohio-based company said it had net income of 81 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.86 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.

The manager of loyalty and rewards programs for retailers and others posted revenue of $979.3 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $1.24 billion.

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Alliance Data shares have declined 62% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 1%. The stock has declined 72% 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 ADS at https://www.zacks.com/ap/ADS