ATLANTA (AP) _ Aaron's Inc. (AAN) on Thursday reported first-quarter net income of $52.2 million.
On a per-share basis, the Atlanta-based company said it had net income of 73 cents. Earnings, adjusted for amortization costs and restructuring costs, came to 81 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The rent-to-own company posted revenue of $954.8 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $941.3 million.
Aaron's shares have increased 13 percent since the beginning of the year. The stock has increased 43 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAN at https://www.zacks.com/ap/AAN