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Conn's tops 4Q profit forecasts

THE WOODLANDS, Texas (AP) _ Conn's Inc. (CONN) on Thursday reported fiscal fourth-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the The Woodlands, Texas-based company said it had net income of 10 cents. Earnings, adjusted for pretax expenses and non-recurring costs, came to 56 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The retailer posted revenue of $420.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $428.7 million.

For the year, the company reported net income of $6.5 million, or 20 cents per share, swinging to a profit in the period. Revenue was reported as $1.52 billion.

Conn's shares have climbed 1 percent since the beginning of the year. The stock has more than tripled 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 CONN at https://www.zacks.com/ap/CONN