News: Conn's Inc (CONN.MW)

CONN.MW on Midwest Stock Exchange

40.06USD
31 Jul 2014
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$-0.87 (-2.13%)
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Tue, Apr 22 2014

UPDATE 2-Greenlight Capital down 1.5 pct in Q1, warns of second 'tech bubble'

(Adds quotes from Greenlight letter, background on Conn's and SunEdison; byline)

Appliance retailer Conn's warns on profits, shares plunge

- Electronics and home appliance retailer Conn's Inc lost more than a third of its market value after it cut its profit forecast due to bad debts and weaker sales growth for TVs.

UPDATE 2-Appliance retailer Conn's warns on profits, shares plunge

* Cuts 2015 earnings/share forecast to $3.40-$3.70 vs $3.80-$4.00

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

Feb 20 - 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.

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