Alliance Data: 3Q Earnings Snapshot
PLANO, Texas (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported third-quarter profit of $296.5 million.
The Plano, Texas-based company said it had profit of $5.39 per share. Earnings, adjusted for one-time gains and costs, were $6.26 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $6.25 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.95 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $2.03 billion.
Alliance Data expects full-year earnings in the range of $22.50 to $23 per share, with revenue expected to be $7.9 billion.
Alliance Data shares have declined 17 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 5 percent. The stock has fallen roughly 7 percent in the last 12 months.