Conn's estimates fourth-quarter profit below analysts' expectations

Thu Feb 20, 2014 7:26am EST

Feb 20 (Reuters) - Electronics and home appliance retailer Conn's Inc estimated fourth-quarter earnings below analysts' expectations as delinquency and charge-offs rose in December and January, increasing the provision for bad debt.

The company offers credit to its customers through an in-house credit program, a third-party financing program and a third-party rent-to-own program.

Conn's said it expected adjusted earnings of 75-80 cents per share for the quarter ended Jan. 31.

Analysts on average were expecting a profit of 93 cents per share, according to Thomson Reuters I/B/E/S.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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