trending Market Intelligence /marketintelligence/en/news-insights/trending/IBE1XugcH04tNFdTgwuiuQ2 content esgSubNav
In This List

Alliance Data CEO upbeat about H2'16 after Q2 results


Banking Essentials Newsletter: 17th April Edition


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Alliance Data CEO upbeat about H2'16 after Q2 results

A strong second-quarterperformance prompted AllianceData Systems Corp. to raise its full-year 2016 guidance forrevenues and core EPS, company executives said on a call to discuss .

The company is "running ahead by aquarter" after posting a 17% increase inrevenues and a 11% increase in core EPS in the second quarter on ayear-over-year basis, President and CEO Ed Heffernan said.

Alliance Data acquired the remaining 20% stake inBrandLoyalty during the second quarter, earlier than planned.

Charles Horn, executive vicepresident and CFO of Alliance Data, said the earlier-than-scheduled acquisition "made sense" to Alliance Data as it exceededexpectations in the second quarter. The $259 million deal thatclosed April 1 was funded by upsizing BrandLoyalty's credit facility.