PROG Holdings: Q2 Earnings Snapshot
DRAPER, Utah — DRAPER, Utah — PROG Holdings, Inc. (PRG) on Wednesday reported net income of $33.8 million in its second quarter.
The Draper, Utah-based company said it had net income of 77 cents per share. Earnings, adjusted for one-time gains and costs, were 92 cents per share.
The rent-to-own company posted revenue of $592.2 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $571.7 million.
For the current quarter ending in September, PROG Holdings expects its per-share earnings to range from 70 cents to 80 cents.
The company said it expects revenue in the range of $590 million to $605 million for the fiscal third quarter.
PROG Holdings expects full-year earnings in the range of $3.25 to $3.40 per share, with revenue ranging from $2.4 billion to $2.45 billion.
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