Aaron's climbs after Q3 beat, forecast raise

Aaron's

24/10/2022 23:22

** Shares of lease-to-own furniture retailer Aaron's Co
 AAN.N  jump 17.3% to $9.50 aftermarket
    ** Among top 10 pct gainers across U.S. exchanges; eyes best
day since April 2021 if gains hold
    ** AAN raises lower end of 2022 revenue forecast range to
$2.23 bln-$2.27 bln from $2.19 bln-$2.27 bln  urn:newsml:reuters.com:*:nPn1wN3wHa
    ** Forecasts higher FY adj EPS at midpoint, now sees
$1.90-$2.05 vs $1.75-$2.15 earlier 
    ** Q3 revenue up 31.2% to $593.4 mln, posts adj EPS of 31
cents/shr
    ** Analysts on average had expected revenue of $564.2 mln
and earnings of 12 cents/shr - Refinitiv
    ** Co had cut FY forecast in July, citing high inflation and
other macro challenges
    ** Stock has fallen ~67% YTD through Monday's close
 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))