UPBOUND GROUP, INC. Q1 Profit Decreases, But Beats Estimates

UPBOUND GROUP, INC. (UPBD) announced earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $24.79 million, or $0.42 per share. This compares with $27.68 million, or $0.50 per share, last year.

Excluding items, UPBOUND GROUP, INC. reported adjusted earnings of $58.14 million or $1.00 per share for the period.

Analysts on average had expected the company to earn $0.95 per share. Analysts' estimates typically exclude special items.

UPBOUND GROUP, INC. earnings at a glance (GAAP) :

-Earnings: $24.79 Mln. vs. $27.68 Mln. last year.
-EPS: $0.42 vs. $0.50 last year.

-Guidance:
Next quarter EPS guidance: $4.00 - $4.40
Next quarter revenue guidance: $4.60 - $4.75 Bln
Full year EPS guidance: $1.00 - $1.10
Full year revenue guidance: $1.05 - $1.15 Bln

by RTTNews Staff Writer

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