Bread Financial: Q1 Earnings Snapshot

COLUMBUS, Ohio (AP) _ Bread Financial Holdings, Inc. (BFH) on Thursday reported first-quarter net income of $210 million.

On a per-share basis, the Columbus, Ohio-based company said it had net income of $4.20. Earnings, adjusted to account for discontinued operations, were $4.21 per share.

The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $4.50 per share.

The manager of loyalty and rewards programs for retailers and others posted revenue of $1 billion in the period. Its adjusted revenue was $921 million, which beat Street forecasts. Thirteen analysts surveyed by Zacks expected $907.9 million.

Bread Financial shares have decreased 19% since the beginning of the year. The stock has dropped 49% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFH at https://www.zacks.com/ap/BFH