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

Rent-A-Center (RCII) Stock Continues Plunge Following Earnings Results

NEW YORK (TheStreet) -- Rent-A-Center (RCII - Get Report) stock is down by 25.64% to $19.17 in mid-morning trading on Tuesday, after the company reported 2015 third quarter revenue short of estimates amid a $34.7 million pre-tax write-down of smartphones.

The rent-to-own retailer reported earnings of 47 cents per share on revenue of $791.6 million for the most recent quarter.

Last year, the company posted earnings of 50 cents per share on revenue of $764.4 million for the 2014 third quarter.

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