COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Bread Financial Holdings, Inc. (BFH) on Thursday reported third-quarter net income of $2 million.
On a per-share basis, the Columbus, Ohio-based company said it had profit of 5 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.84 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.22 billion in the period. Its adjusted revenue was $983 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $975.5 million.
Bread Financial shares have climbed 55% since the beginning of the year. The stock has risen 78% in the last 12 months.
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