Bread Financial Q3 Earnings Beat Estimates With $156 Million Net Income, BFH Shares Up 47% YTD

Bread Financial Holdings Inc. (BFH) on Thursday reported third-quarter net income of $156 million, or $3.82 per share, beating Wall Street expectations. Adjusted earnings came in at $3.84 per share, surpassing the $3.26 average estimate from five analysts surveyed by Zacks Investment Research. The Columbus, Ohio-based manager of loyalty and rewards programs posted revenue of $1.22 billion, with adjusted revenue of $1.02 billion exceeding the $1.01 billion forecast by three analysts. Bread Financial shares have risen 47% since the start of the year and 78% over the past 12 months.