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Aaron’s (AAN) Stock Jumps on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Aaron's (AAN) are spiking 10.21% to $24.19 on heavy trading volume late Friday afternoon following the Atlanta-based company's better-than-anticipated earnings for the 2016 second quarter.

Before today's market open, the lease-to-own retailer posted adjusted earnings of 59 cents per share, above analysts' expectations of 57 cents per share.

Revenue for the period was $789.4 million, lower than analysts' projections of $809.2 million.

"A soft demand environment for the core business continued to impact lease activity, which was below our...


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