Alliance Data: 2Q Earnings Snapshot
PLANO, Texas (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported second-quarter profit of $217.8 million.
The Plano, Texas-based company said it had net income of $3.93 per share. Earnings, adjusted for one-time gains and costs, came to $5.01 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.61 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.9 billion in the period, falling short of Street forecasts. Ten analysts surveyed by Zacks expected $1.93 billion.
Alliance Data expects full-year earnings in the range of $22.50 to $23 per share, with revenue expected to be $8.2 billion.
Alliance Data shares have fallen 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. The stock has declined 14 percent in the last 12 months.