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PLANO, Texas -On Thursday, Upbound Group, Inc. (NASDAQ:UPBD) reported fourth quarter earnings that surpassed analyst expectations, while revenue also beat estimates and increased from the prior year.
The company’s stock edged down -1.41% following the release.
The financial services provider posted adjusted earnings per share of $1.05, exceeding the analyst consensus of $1.03. Revenue for the quarter came in at $1.08 billion, above the $1.06 billion analysts had projected and up 1.9% compared to $1.079 billion in the same quarter last year.
On a GAAP basis, Upbound reported diluted earnings per share of $0.55 for the fourth quarter.
The company’s shares dipped 1.41% in response to the earnings report, suggesting a relatively muted market reaction to the results.
For the full year 2024, Upbound reported total revenue of $4.3 billion and GAAP diluted earnings per share of $2.21. On an adjusted basis, full-year EPS came in at $3.83.
The company did not provide specific guidance for the upcoming quarter or fiscal year in the earnings release.
Upbound Group operates brands including Acima, Brigit, and Rent-A-Center across over 2,300 retail locations in the United States, Mexico, and Puerto Rico.
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