Innovation Update

Alliance Data Systems 1Q Profit Slips 43 Percent

Stock quotes in this article: ADS  

Looking ahead to the second quarter, traditionally the company's weakest, Alliance Data is projecting cash earnings per share of about $1.05, below Wall Street's $1.22 per share view. But management reiterated its full-year guidance for cash earnings per share of at least $5.15 — above analysts' $5.07 per share outlook.

Alliance Data Systems shares fell $1.07, or 2.6 percent, to close at $40.68 on Wednesday.
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