Alliance data systems q2 earnings per share $0.81 from continuing operations

Alliance data reports second quarter results.q2 revenue $979 million versus refinitiv ibes estimate of $1.14 billion.q2 earnings per share $0.81 from continuing operations.q2 earnings per share estimate $1.06 -- refinitiv ibes data.additional cost savings of more than $100 million expected in second half of 2020.additional cost savings of more than $100 million expected in second half of 2020.expense reduction programs achieved approximately $50 million in cost savings.sales activity improved progressively throughout q2.alliance data systems - expect to enter 2021 as a much leaner organization with a flexible corporate structure that can respond quickly to changes in market dynamics.we reaffirm expectation alliance data will remain ebt and cash flow positive in 2020.
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