Alliance Data: 3Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported a third-quarter loss of $107.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Columbus, Ohio-based company said it had a loss of $2.13. Earnings, adjusted for one-time gains and costs, were $5.05 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 $5.24 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.44 billion in the period, which met Street forecasts.
Alliance Data expects full-year earnings in the range of $16.75 to $17 per share.
Alliance Data shares have decreased 18% since the beginning of the year, while the Standard & Poor's 500 index has increased 20%. The stock has dropped 40% 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
