Aaron's: 2Q Earnings Snapshot

Aaron's: 2Q Earnings Snapshot

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ATLANTA (AP) _ Aaron's Inc. (AAN) on Thursday reported second-quarter profit of $38.5 million.

On a per-share basis, the Atlanta-based company said it had profit of 54 cents. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The rent-to-own company posted revenue of $927.9 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $927.3 million.

Aaron's shares have climbed 9 percent since the beginning of the year. The stock has risen 8 percent in the last 12 months.

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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 AAN at https://www.zacks.com/ap/AAN

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