Rent-A-Center (RCII) Reports Mixed Q2 Results; Raises Buyback to $600M; Declares First Ever Qtr. Dividend; Guides Q3, FY10 Sales
Rent-A-Center (Nasdaq: RCII) reports Q2 EPS of $0.72, 5 cents better than the analyst estimate of $0.67. Revenue for the quarter was $671.5 million, which compares to the estimate of $678.83 million.
Raises its buyback authorization to $600 million.
Declares its first ever quarter dividend of $0.06 per share.
Sees Q3 sales of $648-$664 million, versus the consensus of $673.4 million. Sees EPS of $0.52-$0.58, which compares to the Street estimate of $0.61.
Sees FY10 sales of $2.71-$2.74 billion, which compares to the Street estimate of $2.76 billion.... Read more
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