PLANO, Texas (AP) — PLANO, Texas (AP) — Upbound Group, Inc. (UPBD) on Thursday reported a loss of $11.3 million in its fourth quarter.
The Plano, Texas-based company said it had a loss of 21 cents per share. Earnings, adjusted for non-recurring costs, were 81 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The company that leases furniture and appliances with an option to buy posted revenue of $1.02 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $995.6 million.
For the year, the company reported a loss of $5.2 million, or 9 cents per share. Revenue was reported as $3.99 billion.
Upbound Group expects full-year earnings in the range of $3.55 to $4 per share, with revenue in the range of $4 billion to $4.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPBD at https://www.zacks.com/ap/UPBD