Upbound Group: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 10:27 AM ET
Last Updated - Aug 01, 2024, 10:27 AM EDT
PLANO, Texas (AP) — PLANO, Texas (AP) — Upbound Group, Inc. (UPBD) on Thursday reported second-quarter earnings of $33.9 million.
On a per-share basis, the Plano, Texas-based company said it had profit of 61 cents. Earnings, adjusted for non-recurring costs, were $1.04 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The company that leases furniture and appliances with an option to buy posted revenue of $1.08 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.04 billion.
