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Aaron's profit beats consensus by 65.2% in Q1

4258467 said its normalized net income for the first quarter was 91 cents per share, compared with the S&P Capital IQ consensus estimate of 55 cents per share.

EPS rose 42.4% year over year from 64 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $66.0 million, a gain of 42.3% from $46.4 million in the year-earlier period.

The normalized profit margin climbed to 8.0% from 7.9% in the year-earlier period.

Total revenue climbed 40.4% year over year to $821.8 million from $585.4 million, and total operating expenses increased 39.1% on an annual basis to $709.2 million from $510.0 million.

eported net income rose 28.3% year over year to $49.5 million, or 68 cents per share, from $38.6 million, or 53 cents per share.Aaron's Inc.

4258467 said its normalized net income for the first quarter was 91 cents per share, compared with the S&P Capital IQ consensus estimate of 55 cents per share.