RCII - Rent-A-Center +6% after lifting full-year guidance ahead of consensus marks

Rent-A-Center (RCII) jumps after posting a guidance update. "Our business is continuing to perform very well driving better than expected financial results... Lease portfolio performance and customer payment activity have remained strong in both businesses even without additional government stimulus. While some uncertainty remains related to the pandemic, we are providing expectations for the third quarter and increasing guidance for 2020 given our continued strong performance and our improved outlook." The company sees full-year FY revenue of $2.78B to $2.83B vs. $2.77B consensus and adjusted EPS of $3.15 to $3.45 vs. $2.45 to $2.85 prior view and $2.75 consensus.RCII also sees full-year adjusted EBITDA of $295M to $320M vs. $269M consensus. Shares of Rent-A-Center are up 5.77% premarket to $30.00.

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Rent-A-Center +6% after lifting full-year guidance ahead of consensus marks