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Conn's (CONN) Stock Soars on Q1 Results

NEW YORK (TheStreet) -- Shares of Conn's (CONN) were surging 13.33% to $8.16 on heavy trading volume late Thursday afternoon after the specialty retailer and credit solutions company reported a narrower-than-anticipated loss for the 2017 fiscal first quarter.

Before today's market open, the Woodlands, TX-based company posted an adjusted loss of 4 cents per diluted share, which was lower than analysts' estimates for a loss of 8 cents per share.

Revenue for the quarter was $398.2 million which missed Wall Street's projections of $413.12 million.

Growth in furniture, mattress and appliance sales were offset...