COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Bread Financial Holdings, Inc. (BFH) on Thursday reported first-quarter net income of $134 million.
On a per-share basis, the Columbus, Ohio-based company said it had profit of $2.70. Earnings, adjusted to account for discontinued operations, came to $2.73 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.24 billion in the period. Its adjusted revenue was $991 million, also missing Street forecasts. Five analysts surveyed by Zacks expected $994.7 million.
Bread Financial shares have risen nearly 8% since the beginning of the year. The stock has climbed 27% in the last 12 months.
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