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UPDATE: Conn's Posts Q3 Profit, Lifts Full-Year Forecast

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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.

Posted-In: profitEarnings News Guidance

 

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