Alliance Data: 2Q Earnings Snapshot
PLANO, Texas (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported second-quarter net income of $139 million.
On a per-share basis, the Plano, Texas-based company said it had profit of $2.64. Earnings, adjusted for one-time gains and costs, came to $3.83 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.12 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.35 billion in the period, which matched Street forecasts.
Alliance Data expects full-year earnings in the range of $19.50 to $19.75 per share, with revenue expected to be $5.8 billion.
Alliance Data shares have increased slightly since the beginning of the year, while the Standard & Poor’s 500 index has risen 19%. The stock has fallen 33% in the last 12 months.