Aaron’s: 2Q Earnings Snapshot
ATLANTA (AP) _ Aaron’s Inc. (AAN) on Thursday reported second-quarter profit of $42.7 million.
The Atlanta-based company said it had profit of 62 cents per share. Earnings, adjusted for restructuring costs and amortization costs, were 93 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The rent-to-own company posted revenue of $968.1 million in the period, matching Street forecasts.
Aaron’s expects full-year earnings in the range of $3.85 to $4 per share, with revenue in the range of $3.91 billion to $4.07 billion.
Aaron’s shares have risen 55% since the beginning of the year. The stock has risen 44% in the last 12 months.