PROG Holdings, Inc. Q1 Profit Increases, Beats Estimates

(RTTNews) - PROG Holdings, Inc. (PRG) released earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $34.71 million, or $0.83 per share. This compares with $21.96 million, or $0.49 per share, last year.

Excluding items, PROG Holdings, Inc. reported adjusted earnings of $37.66 million or $0.90 per share for the period.

Analysts on average had expected the company to earn $0.83 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.6% to $684.08 million from $641.87 million last year.

PROG Holdings, Inc. earnings at a glance (GAAP) :

-Earnings: $34.71 Mln. vs. $21.96 Mln. last year. -EPS: $0.83 vs. $0.49 last year. -Revenue: $684.08 Mln vs. $641.87 Mln last year.