Conn's Shares Tumble 12% (CONN)

Shares of consumer electronics retailer Conn's, Inc. CONN are trading down 11.98% at $4.63 per share during the Thursday afternoon trading session. The day's trading range for shares of Conn's, Inc has been between $4.62 and $5.20 per share. Analysts covering the company's stock give it a consensus price target of $8.00 per share. Volume of 212,000 shares is already above the daily average volume of 180,000 shares. Conn's, Inc. (CONN) announced on Thursday morning that it missed consensus Wall Street earnings estimates, while beating revenue expectations. Conn's, Inc reported 2nd quarter earnings per share of 7 cents, on revenue of $213.7 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 9 cents per share, on revenue of $207.53 million. Read more from Benzinga's Company news.