DRAPER, Utah (AP) — DRAPER, Utah (AP) — PROG Holdings, Inc. (PRG) on Wednesday reported profit of $37 million in its second quarter.
The Draper, Utah-based company said it had profit of 91 cents per share. Earnings, adjusted for one-time gains and costs, were $1.19 per share.
The rent-to-own company posted revenue of $719.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $711.6 million.
PROG Holdings expects full-year earnings in the range of $4.75 to $5 per share, with revenue in the range of $3.03 billion to $3.1 billion.
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