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
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade CONN now with 
Follow RTT