Alliance Data Systems Corporation ADS shares are trading lower by $7.35 (3 percent) at $219.91 in Thursday's session.
After announcing mixed Q4 results that showed a Q4 EPS beat of penny along with a slight revenue miss, the Street is focusing on its lower guidance for FY2017 EPS ($18.50 versus $18.68 estimates) and for revenues ($7.7 billion versus $7.9 billion estimates).
After a lower open, it attempted to rally before declining to $214.95 and staging a rebound. That low coincides with its November 18 low of $214.77.
The ensuing rebound stopped short of the intra-day high ($221.50), so far only reaching $220.49 before falling back to the $220.00 area.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.