COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Bread Financial Holdings, Inc. (BFH) on Thursday reported third-quarter earnings of $188 million.
The Columbus, Ohio-based company said it had net income of $3.96 per share. Earnings, adjusted for non-recurring costs, were $4.02 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.18 billion in the period. Its adjusted revenue was $971 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $966.6 million.
Bread Financial shares have fallen almost 1% since the beginning of the year. The stock has risen 19% in the last 12 months.
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