logo
Share SHARE
FONT-SIZE Plus   Neg

Conn's Turns To Profit In Q4 - Quick Facts

Conn's Inc. (CONN) posted fourth-quarter net income of $7.70 million or $0.24 per share, as against a loss of $3.58 million or $0.12 per share last year.

Adjusted earnings per share were $0.34, excluding store closing costs and long-lived asset impairment charges, compared with a breakeven loss per share a year ago. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.29 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues rose 3.7% to $226.67 million from $218.66 million in the earlier year quarter, with same-store sales up 12.1%. Three analysts estimated revenues of $221.90 million for the quarter.

For the fiscal year ending January 31, 2013, the company updated its earnings guidance to $1.20 - $1.30 per share, while same-stores sales are expected to be up mid- to high-single digits;

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT