PROG Holdings: Q2 Earnings Snapshot

PROG Holdings: Q2 Earnings Snapshot

DRAPER, Utah (AP) _ PROG Holdings, Inc. (PRG) on Wednesday reported second-quarter net income of $19.5 million.

On a per-share basis, the Draper, Utah-based company said it had net income of 37 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The rent-to-own company posted revenue of $649.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $652.1 million.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PRG at