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Stock impact report

Conn's stock surges after earnings and revenue rise above expectations [MarketWatch]

Conn's, Inc. (CONN) 
Last conn's, inc. earnings: 4/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.conns.com
Company Research Source: MarketWatch
Conn's stock surges after earnings and revenue rise above expectations Shares of Conn's Inc. CONN, +4.39% surged 7.3% in premarket trade Tuesday, after the furniture and mattress retailer reported fiscal second-quarter earnings and revenue that beat expectations, although same-store sales missed. Net income rose to $17.0 million, or 53 cents a share, from $4.3 million, or 14 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 57 cents, beating the FactSet consensus of 41 cents. Total revenue increased to $384.6 million from $366.6 million, above the FactSet consensus of $384.0 million. Same-store sales rose 0.3%, the first quarter of positive same-store sales in three years, as strength in consumer electronics and home office sales offset weakness in furniture and mattress sales, but missed the FactSet consensus of 1.9% growth. For the third quarter, the company expects same-store sales of negative 5% to flat, compared wi Show less Read more
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