Alliance Data Systems Corp. (ADS), a provider of loyalty and marketing solutions derived from transaction-rich data, said its first-quarter net income grew to $129.0 million, or $1.92 per share, from $115.2 million, or $1.86 per share, a year ago.
Quarterly core earnings per share totaled $2.55, exceeding the company's guidance of $2.50. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $2.51 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue increased 18 percent to $1.05 billion in the quarter, from $891.6 million a year earlier, while 15 analysts projected revenue of $1.05 billion.
In addition, the company is raising 2013 guidance for revenue from $4.20 billion to $4.25 billion, with organic revenue growth expected to approximate 7 percent. Also, the company increased its core EPS guidance from $9.65 to $9.75.
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