DRAPER, Utah (AP) — DRAPER, Utah (AP) — PROG Holdings, Inc. (PRG) on Wednesday reported earnings of $34.7 million in its first quarter.
On a per-share basis, the Draper, Utah-based company said it had net income of 83 cents. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.
The rent-to-own company posted revenue of $684.1 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $678.6 million.
PROG Holdings expects full-year earnings in the range of $2.90 to $3.30 per share, with revenue in the range of $2.42 billion to $2.5 billion.
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