Alliance Data Lifts FY16 Outlook As Q3 Results Top Estimates - Quick Facts

(RTTNews) - Alliance Data Systems Corp. (ADS), a provider of data-driven marketing and loyalty solutions, reported Thursday that its guidance for 2016 has been raised a second time.

For the year, the company now expects revenues of $7.2 billion, an 11 percent increase, and core earnings per share of $16.90, a 12 percent increase, both as compared to 2015.

Previously, the company expected revenues to grow 11 percent to $7.15 billion and core earnings per share to grow 12 percent to $16.85.

On average, 26 analysts polled by Thomson Reuters expect full-year earnings of $16.88 per share and revenues of $7.19 billion. Analysts' estimates typically exclude special items.

For fiscal 2017, the initial guidance is for 10 percent growth in both revenue and core earnings per share.

For the third quarter, net income climbed 59 percent to $208 million from last year's $130 million. Earnings per share were $3.55, a growth of 71 percent from $2.08 in the prior year.

Core earnings per share were $4.74, compared to $3.95 a year ago.

Revenue increased 19 Percent to $1.89 billion from $1.59 billion a year ago. Analysts expected earnings of $4.44 per share on revenues of $1.78 billion for the quarter.

Separately, Alliance Data Systems announced that its Board of Directors declared a quarterly cash dividend of $0.52 per share, payable on December 16 to stockholders of record at the close of business on November 3.