ADS Posts and Explosive Double-Digit YOY 3Q Performance
Dallas-based Alliance Data Systems (ADS) reported a third quarter (3Q/16) year-on-year (YOY) surge in credit card outstandings, purchase dollar volume (PDV) and Card Services revenue. Overall revenue and income were pressured by currency exchange rates (FX). ADS reported gross revenue rose 18.7% YOY in 3Q/16 to $1886 million, compared to $1749 million for 2Q/16, and…