COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Bread Financial Holdings, Inc. (BFH) on Thursday reported third-quarter earnings of $171 million.
On a per-share basis, the Columbus, Ohio-based company said it had profit of $3.42. Earnings, adjusted to account for discontinued operations, came to $3.46 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.25 billion in the period. Its adjusted revenue was $1.03 billion, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $991 million.
Bread Financial shares have fallen 26% since the beginning of the year. The stock has decreased 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFH at https://www.zacks.com/ap/BFH