Aaron's misses 3Q profit forecasts

ATLANTA (AP) _ Aaron's Inc. (AAN) on Friday reported third-quarter earnings of $25.3 million.

On a per-share basis, the Atlanta-based company said it had net income of 35 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to 43 cents per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The rent-to-own company posted revenue of $838.9 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $829.7 million.

Aaron's shares have climbed 32 percent since the beginning of the year. The stock has risen 84 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAN at https://www.zacks.com/ap/AAN