Conn's Inc. said its normalized net income for the fiscal second quarter ended July 31 came to 49 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.
EPS fell year over year from 51 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.3 million, a decline from $18.8 million in the prior-year period.
The normalized profit margin dropped to 5.2% from 6.9% in the year-earlier period.
Total revenue climbed 30.4% on an annual basis to $353.0 million from $270.7 million, and total operating expenses increased 34.5% from the prior-year period to $323.7 million from $240.6 million.
Reported net income declined 7.4% from the prior-year period to $17.7 million, or 48 cents per share, from $19.2 million, or 52 cents per share.
