Reuters logo
Conn's estimates fourth-quarter profit below analysts' expectations
February 20, 2014 / 12:30 PM / 4 years ago

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

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below