Alliance Data Reports Second Quarter Results

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Go back to Alliance Data Reports Second Quarter Results

Alliance Data Systems (ADS) Tops Q2 EPS by 83c, Revenue Misses

July 23, 2020 7:31 AM EDT

Alliance Data Systems (NYSE: ADS) reported Q2 EPS of $1.86, $0.83 better than the analyst estimate of $1.03. Revenue for the quarter came in at $979 billion versus the consensus estimate of $1.15 billion.

SUMMARY AND OUTLOOK:

"Alliance Data is moving forward thoughtfully within today's uncertain business environment, adapting to and supporting the needs of our enterprise clients and cardmembers while strengthening our financial position and investing strategically to drive future growth," said Andretta."In Card Services, we are working closely with clients on adjusting in-store and online strategies and marketing plans that are most... More