Alliance Data Reports Third Quarter 2018 Results
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Go back to Alliance Data Reports Third Quarter 2018 Results
October 19, 2018 6:47 AM EDT
RBC Capital analyst Daniel R. Perlin lowered the price target on Alliance Data Systems (NYSE: ADS) to $273.00 (from $286.00) while maintaining an Outperform rating.
While the quarter was disappointing, Perlin was positive on the strategic review. "We attribute the generally positive stock price reaction to the... More
October 18, 2018 7:32 AM EDT
Alliance Data Systems (NYSE: ADS) reported Q3 EPS of $6.26, $0.05 better than the analyst estimate of $6.21. Revenue for the quarter came in at $1.95 billion versus the consensus estimate of $2.03 billion.
Plan to Unlock Intrinsic Value of ADS Portfolio of Businesses to be Communicated Prior to Year-end
Ed Heffernan, president and chief executive officer of Alliance Data, commented, "Pro forma revenue increased 5 percent to $2.02 billion for the third quarter of 2018, below expectations. Conversely, core EPS came in strong, increasing 17 percent to $6.26 for the third quarter... More
