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Alliance Data tops 3Q profit forecasts

PLANO, Texas (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported third-quarter profit of $233.2 million.

On a per-share basis, the Plano, Texas-based company said it had profit of $4.20. Earnings, adjusted for one-time gains and costs, were $5.35 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $5.03 per share.

The manager of loyalty and rewards programs for retailers and others posted revenue of $1.91 billion in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $1.97 billion.

Alliance Data expects full-year earnings to be $18.10 per share.

Alliance Data shares have dropped slightly since the beginning of the year, while the Standard & Poor's 500 index has climbed 14 percent. The stock has increased 8 percent in the last 12 months.

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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