COLUMBUS, Ohio (AP) 鈥� COLUMBUS, Ohio (AP) 鈥� Bread Financial Holdings, Inc. (BFH) on Thursday reported first-quarter net income of $181 million.
The Columbus, Ohio-based company said it had net income of $4.15 per share. Earnings, adjusted for non-recurring costs, were $4.18 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.21 billion in the period. Its adjusted revenue was $1.02 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.01 billion.
Bread Financial shares have increased 25% since the beginning of the year. The stock has risen 97% in the last 12 months.
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