Conn's: Fiscal 4Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ Conn's Inc. (CONN) on Tuesday reported fiscal fourth-quarter profit of $5.1 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The retailer posted revenue of $413 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $412.6 million.
For the year, the company reported profit of $56 million, or $1.82 per share. Revenue was reported as $1.54 billion.
The company's shares closed at $4.53. A year ago, they were trading at $25.17.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CONN at https://www.zacks.com/ap/CONN