Alliance Data Raises 2007 Outlook

The company raised its full-year projection for cash earnings to at least $3.70 per share from $3.65 per share. For adjusted earnings before interest, taxes, depreciation and amortization, the company expects $640 million, versus a previous estimate of $630 million.

The company also raised its revenue estimate to $2.3 billion from $2.25 billion.

Analysts polled by Thomson Financial expect adjusted earnings of $3.67 on revenue of $2.30 billion for 2007.

Alliance Data also reported its third-quarter earnings on Wednesday.

"As a result of our solid third quarter performance and the visibility we have for the remainder of the year, we are raising our guidance for full year 2007," Chairman and Chief Executive Mike Parks said in a statement.

Shares rose 25 cents to end regular trading at $80.25.