Alliance Data Systems on Thursday posted Q2 core earnings of $3.84 a share, up from $3.68 a year ago, exceeding analysts’ expectations of $3.74 in a Capital IQ poll. The company meanwhile lowered its EPS guidance for the 2017 fiscal year and provided initial outlook for 2018. Revenues for the quarter rose to $1.82 billion from $1.75 billion, shy of the $1.85 billion estimate.
The company said it is raising its 2017 revenue guidance to $7.8 billion from previously $7.7 billion, but lowered 2017 core EPS guidance to $18.10 from previously $18.50, about a 2% decrease to reflect the timing issue at its BrandLoyalty unit. Analysts have been expecting FY EPS of $18.55 and revenues of $7.82 billion for the 2017 fiscal year.