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Why PROG Holdings Jumped 22.7% Today

TheMotleyFool

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Shares of financial technology company PROG Holdings (NYSE: PRG) jumped as much as 22.7% in early trading after announcing earnings and a large share buyback. The biggest pop didn't last long, but shares are still up 15.1% at 2:30 p.m. EDT.

Third-quarter revenue was up 6.4% to $650.4 million, and net earnings from continuing operations fell from $74.6 million a year ago to $57.4 million, or $0.86 per share. Analysts were expecting revenue of $678.4 million and earnings of $0.90 per share, so last quarter's results weren't what drove the stock today.

Image source: Getty Images.

Source Fool.com

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