Conn’s: Fiscal 2Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ Conn’s Inc. (CONN) on Tuesday reported fiscal second-quarter earnings of $17 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of 53 cents. Earnings, adjusted for one-time gains and costs, were 57 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The retailer posted revenue of $384.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $385.1 million.
Conn’s shares have risen 15 percent since the beginning of the year. The stock has more than doubled in the last 12 months.