Alliance Data System
ADS
Delayed Nyse - 12/15 10:02:01 pm
239.81USD
+1.49%

Alliance Data : tops Street 1Q forecasts

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04/20/2017 | 01:43 pm

PLANO, Texas (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported first-quarter profit of $146.4 million.

The Plano, Texas-based company said it had profit of $2.58 per share. Earnings, adjusted for one-time gains and costs, were $3.91 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.87 per share.

The manager of loyalty and rewards programs for retailers and others posted revenue of $1.88 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $1.79 billion.

Alliance Data expects full-year earnings to be $18.50 per share, with revenue expected to be $7.7 billion.

Alliance Data shares have climbed slightly more than 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4 percent. The stock has risen 14 percent in the last 12 months.

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

Keywords: Alliance Data Systems, Earnings Report

Automated Insights, source Associated Press News

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