VIRGINIA BEACH, Va. (AP) _ Franchise Group, Inc. (FRG) on Thursday reported first-quarter earnings of $13.8 million.

On a per-share basis, the Virginia Beach, Virginia-based company said it had net income of 29 cents. Earnings, adjusted for one-time gains and costs, were 90 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The tax preparer posted revenue of $621.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $655.6 million.

Franchise Group expects full-year earnings in the range of $3.25 to $3.35 per share.

Franchise Group shares have risen 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.94, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRG at https://www.zacks.com/ap/FRG

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