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THE WOODLANDS, Texas (AP) _ Conn's Inc. (CONN) on Tuesday reported a loss of $2.6 million in its fiscal first quarter.
On a per-share basis, the The Woodlands, Texas-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The retailer posted revenue of $355.8 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $358.7 million.
Conn's shares have increased 49 percent since the beginning of the year. The stock has more than doubled in the last 12 months.
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