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
Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several...
comments powered by Disqus
Trade CONN now with 
Follow RTT