DRAPER, Utah (AP) — DRAPER, Utah (AP) — PROG Holdings, Inc. (PRG) on Wednesday reported net income of $40.5 million in its fourth quarter.
On a per-share basis, the Draper, Utah-based company said it had profit of $1. Earnings, adjusted for one-time gains and costs, were 74 cents per share.
The rent-to-own company posted revenue of $574.6 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $584.7 million.
For the year, the company reported profit of $146.8 million, or $3.59 per share. Revenue was reported as $2.41 billion.
For the current quarter ending in March, PROG Holdings expects its per-share earnings to range from 70 cents to 90 cents.
The company said it expects revenue in the range of $715 million to $745 million for the fiscal first quarter.
PROG Holdings expects full-year earnings in the range of $4 to $4.45 per share, with revenue ranging from $3.02 billion to $3.14 billion.
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