Actionable news
0
All posts from Actionable news
Actionable news in RCII: Rent-A-Center Inc.,

Rent-A-Center (RCII) Stock Slips on Q3 Miss, Guidance

NEW YORK (TheStreet) -- Shares of Rent-A-Center (RCII) were sliding on heavy trading volume early Thursday afternoon after the company posted weaker-than-anticipated 2016 third quarter results and gave a downbeat full-year view.

After yesterdays' closing bell, the Plano, TX-based rent-to-own retailer reported adjusted earnings of 11 cents per share, missing the FactSet consensus of 18 cents per share.

Revenue declined 12.3% over last year to $693.9 million and fell short of Wall Street's projections of $701.9 million.

Same-store sales fell...


More