DRAPER, Utah (AP) — DRAPER, Utah (AP) — PROG Holdings, Inc. (PRG) on Wednesday reported profit of $57.5 million in its fourth quarter.
On a per-share basis, the Draper, Utah-based company said it had profit of $1.34. Earnings, adjusted for one-time gains and costs, came to 80 cents per share.
The rent-to-own company posted revenue of $623.3 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $613.4 million.
For the year, the company reported profit of $197.2 million, or $4.53 per share. Revenue was reported as $2.46 billion.
PROG Holdings expects full-year earnings in the range of $3.10 to $3.50 per share, with revenue in the range of $2.52 billion to $2.59 billion.
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