Why Conn's Stock Rocked 8% Higher Today

Shares of Conn's (NASDAQ: CONN) stock popped 8.4% as of 10:15 a.m. EDT Wednesday after the furniture, appliances, and electronics retailer reported estimate-crushing earnings for its fiscal second quarter of 2022.

Analysts had forecast that Conn's would earn a (pro forma) profit of $0.71 per share this past quarter, on sales of $396.7 million, but the company actually reported a profit according to generally accepted accounting principles (GAAP) of $1.22 per share on sales of $418.4 million.  

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Source Fool.com