Why Alliance Data Systems Stock Plunged Today
Shares of Alliance Data Systems (NYSE: ADS) have plunged today, down by 15% as of 11:45 a.m. EDT, after the company reported third-quarter earnings results. This was the first full quarter under Melisa Miller, who was named CEO in June.
Revenue in Q3 was roughly flat at $1.44 billion, a tad bit light compared to the consensus estimate of $1.45 billion in sales. Adjusted earnings per share came in at $5.05, missing the $5.21 per share in adjusted profits that analysts were expecting.
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Source Fool.com
