PLANO, Texas (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported second-quarter net income of $137.7 million.
On a per-share basis, the Plano, Texas-based company said it had net income of $2.47. Earnings, adjusted for one-time gains and costs, came to $3.84 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.72 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.82 billion in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $1.84 billion.
Alliance Data expects full-year earnings to be $18.10 per share, with revenue expected to be $7.8 billion.
Alliance Data shares have risen 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 10 percent. The stock has increased 23 percent in the last 12 months.
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