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Aaron's profit beats consensus by 79.5% in Q2

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Aaron's profit beats consensus by 79.5% in Q2

4258467 said its normalized net income for the second quarter was 81 cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS rose year over year from 36 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $59.3 million, an increase from $26.4 million in the prior-year period.

The normalized profit margin climbed to 7.7% from 4.0% in the year-earlier period.

otal revenue increased 16.1% year over year to $769.0 million from $662.5 million, and total operating expenses climbed 8.8 Aaron's Inc.