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Conn’s Rises on Mixed Q3 Results

When Conn’s Inc. (NASDAQ: CONN) reported its fiscal third-quarter financial results before the markets opened on Tuesday, it posted a net loss of $0.12 per share and $376.8 million in revenue. Consensus estimates from Thomson Reuters had called for a net loss of $0.19 per share and revenue of $393.83 million. The same period of last year reportedly had $0.02 in earnings per share (EPS) and $395.23 million in revenue.

Total retail revenues were $308.4 million for the third quarter of fiscal 2017, a decrease of $14.7 million, or 4.5%, primarily a result of the decline in same-store sales, partially offset by new store openings.

Credit revenues decreased 5.2% to $68.4 million. The decrease in credit revenue was the result...


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