UPDATE: Conn's Posts Q3 Profit, Lifts Full-Year Forecast
Conn's (NASDAQ: CONN) posted a profit in the fiscal third quarter and lifted its forecast for the year.
Conn's now projects full-year earnings of $1.55 to $1.60 per share, versus its earlier forecast of $1.40 to $1.50 per share.
Conn's posted a quarterly profit of $11.8 million, or $0.35 per share, versus a year-ago loss of $12.7 million, or $0.40 per share. Excluding one-time items, Conn's earned $0.38 per share.
Its revenue rose 11% to $206.4 million. However, analysts were expecting earnings of $0.28 per share on revenue of $199 million.
Conn's shares gained 1.91% to $28.76 in pre-market trading.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.