UPDATE: Conn's Reports Upbeat Q1 Profit

Conn's Inc CONN reported a better-than-expected first-quarter profit on Wednesday. Conn's reported its quarterly net income at $4 million, or $0.13 per share, versus $5.8 million, or $0.26 per share, in the year-ago period. Conn's revenue dropped 4.3% to $189.3 million. However, analysts were expecting a profit of $0.09 per share on revenue of $190.8 million. Conn's shares gained 1.16% to close at $5.23 yesterday. Read more from Benzinga's Company news.