DRAPER, Utah (AP) — DRAPER, Utah (AP) — PROG Holdings, Inc. (PRG) on Wednesday reported earnings of $38.5 million in its second quarter.
On a per-share basis, the Draper, Utah-based company said it had net income of 95 cents. Earnings, adjusted for one-time gains and costs, were $1.02 per share.
The rent-to-own company posted revenue of $604.7 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $587.2 million.
PROG Holdings expects full-year earnings in the range of $3.20 to $3.35 per share, with revenue in the range of $2.45 billion to $2.5 billion.
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