PLANO, Texas (AP) _ Rent-A-Center Inc. (RCII) on Wednesday reported first-quarter net income of $42.6 million.

On a per-share basis, the Plano, Texas-based company said it had net income of 64 cents. Earnings, adjusted for non-recurring costs, came to $1.32 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The company that leases furniture and appliances with an option to buy posted revenue of $1.04 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $961.2 million.

Rent-A-Center expects full-year earnings in the range of $5.30 to $5.85 per share, with revenue in the range of $4.45 billion to $4.6 billion.

Rent-A-Center shares have climbed 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $60.36, more than tripling 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 RCII at https://www.zacks.com/ap/RCII

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