Upbound Group Stock Surges 15% On Revenue Rise In Q1

(RTTNews) - Upbound Group, Inc. (UPBD) jumped 14.37 percent to $22.76, up $2.86 during Thursday's trading, after reporting first-quarter revenue of $1.176 billion, an increase from $1.096 billion a year earlier.

The stock opened at $22.39 and has traded between $21.67 and $23.81 so far today on the Nasdaq. Upbound shares previously closed at $19.90 and have a 52-week range of $19.68 to $38.72.

Volume stood at 339,000 shares, below the average of 570,000.

Notably, earnings on a net basis fell to $24.8 million from $27.7 million last year, while earnings per share dropped to $0.42 from $0.50.