Rent-A-Center Q1 Income Falls 7%

(RTTNews) - Rent-A-Center (RCII) released a profit for first quarter that lost ground from last year.

The company said its earnings declined to $25.66 million, or $0.48 per share. This was down from $27.54 million, or $0.52 per share, in last year's first quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.8% to $835.62 million. This was down from $877.64 million last year.

Rent-A-Center earnings at a glance:

-Earnings (Q1): $25.66 Mln. vs. $27.54 Mln. last year. -Earnings Decline (Y-o-Y): -6.8% -EPS (Q1): $0.48 vs. $0.52 last year. -EPS Decline (Y-o-Y): -7.7% -Analysts Estimate: $0.40 -Revenue (Q1): $835.62 Mln vs. $877.64 Mln last year. -Revenue Change (Y-o-Y): -4.8%