Conn’s Inc. (NASDAQ:CONN) reports 1Q19 Swing To Profit; Beats Street View

Conn's Inc

Conn’s Inc. (NASDAQ:CONN) revealed net income for the first quarter of $ 12.73 million or 39 cents per share, compared to loss of $ 2.58 million or 8 cents per share, in the year-ago period.

On adjusted basis, CONN reported adjusted net income of $ 13.05 million or 40 cents per share.

Headquartered in The Woodlands, Texas, the company disclosed, total revenue that reached $ 358.39 million, rose 1% from $ 355.83 million a year ago.

The consensus estimates from Thomson Reuters are income of $ 0.27 per share from $ 354.84 million in revenue.

With our credit platform on a clear path towards improved financial results, we continue to focus on driving sustainable growth in our highly profitable retail segment. Our first quarter results reflect accelerating momentum throughout our business and we believe that fiscal year 2019 will be a strong year for the Company, stated Norm Miller, Chairman and Chief Executive Officer.

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