21.8 C
New York
Thursday, May 23, 2024
HomeMarkets
Markets

UPDATE: Conn’s Posts Upbeat Q1 Profit, Lifts Full-Year Forecast

By Insider Scoop
0
40
psw-placeholder
psw-placeholder

Courtesy of Benzinga.

Conn’s Inc (NASDAQ: CONN) reported a stronger-than-expected first-quarter profit and lifted its full-year earnings forecast.

Conn’s now projects full-year earnings of $1.30 to $1.40 per share, versus its earlier forecast of $1.20 to $1.30 per share.

Conn’s quarterly earnings surged to $11.5 million, $0.35 per share, versus $4.4 million, or $0.14 per share, in the year-ago period. However, analysts were expecting a profit of $0.33 per share.

Its revenue gained 5% to $200.9 million, while same-store sales surged 17.8%.

Its gross margins rose to 33.7%, from 30.5%.

Conn’s shares closed at $17.71 on Friday.

For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,167FansLike
396,312FollowersFollow
2,300SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x