Diamonds and Dogs
Rent-A-Center Inc. (RCII)
Rent-A-Center is trading in the green today, up 12.94% to $30.54. The household goods leaser saw its shares rally after better than expected earnings. Rent-A-Center reported earnings of $0.52 per share for the first quarter, above analysts' estimates of $0.50 per share for the quarter. Revenue grew 5.9% year over year to $877.6 million for the quarter, above analysts' estimates of $863.33 million. Shares of Rent-A-Center rallied over $3.50 today but is still off of its 52-week high of $37.49.
Whirlpool Corp. (WHR)
Whirlpool Corp. is drowning today, down 7.33% to $183.31. The appliance maker saw its shares fall after announcing a miss of earnings. Whirlpool reported an EPS of $2.14 which was well short of the $2.45 per share that analysts were looking for. Furthermore, the poor quarter lead Whirlpool to cut its full year forecast. The company now expects full-year adjusted earnings in a range of $12 to $13 per share, down from its prior forecast of $14 to $15 per share. Share of Whirlpool fell over $14.00 today but are well above their 52-week low of $135.37.
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