COLUMBUS, Ohio (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported third-quarter net income of $133.3 million, after reporting a loss in the same period a year earlier.
The Columbus, Ohio-based company said it had net income of $2.79 per share. Earnings, adjusted for one-time gains and costs, were $3.45 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.05 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.03 billion.
Alliance Data shares have declined 61% since the beginning of the year, while the Standard & Poor's 500 index has risen 1%. The stock has decreased 59% 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
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