COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Bread Financial Holdings, Inc. (BFH) on Thursday reported second-quarter earnings of $139 million.
The Columbus, Ohio-based company said it had net income of $2.94 per share. Earnings, adjusted for non-recurring costs, were $3.14 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.15 billion in the period. Its adjusted revenue was $929 million, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $937.6 million.
Bread Financial shares have fallen slightly since the beginning of the year. The stock has climbed 18% in the last 12 months.
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