10:55 AM EDT, 08/01/2024 (MT Newswires) -- Upbound Group ( UPBD ) shares were down nearly 2% in recent Thursday trading after the company reported its Q2 financial results.

The company reported Q2 non-GAAP earnings of $1.04 per diluted share, up from $1.11 per share a year earlier.

Analysts polled by Capital IQ expected $1.03.

Revenue for the quarter ended June 30 rose to $1.08 billion from $979.2 million a year earlier.

Analysts surveyed by Capital IQ expected $1.03 billion.

For 2024, the company said it now expects adjusted EPS of $3.65 to $4 on revenue of $4.10 billion to $4.30 billion, compared with its prior outlook ranges of $3.55 to $4 and $4 billion to $4.20 billion, respectively.

Analysts polled by Capital IQ expect normalized EPS of $3.75 on revenue of $4.22 billion.

Price: 36.99, Change: -0.74, Percent Change: -1.97