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Actionable news in RCII: Rent-A-Center Inc.,

Rent-A-Center (RCII) Stock Plunges in After-Hours Trading on Reduced Guidance

NEW YORK (TheStreet) -- Rent-A-Center (RCII - Get Report) stock is falling 16.96% to $21.39 in after-hours trading on Monday after the company lowered its full year earnings guidance to $2 to $2.10 per share, from the previous outlook of $2.05 to $2.20 per share, falling below the average estimate of $2.15 per share.

The rent-to-own retailer also lowered its 2015 fourth quarter earnings outlook to 52 cents to 62 cents per share, from 63 cents to 72 cents per share, while analysts had estimated earnings of 68 cents per share.

Additionally, Rent-A-Center reported earnings of 47 cents per share for the 2015 third quarter, beating estimates of 45 cents per share.

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