PROG (PRG) reported Q1 non-GAAP earnings Wednesday of $0.90 per diluted share, down from $0.91 a year earlier.

Analysts polled by FactSet expected $0.83.

Revenue for the quarter ended March 31 was $684.1 million, up from $641.9 million a year earlier.

Analysts surveyed by FactSet expected $678.2 million.

For Q2, the leasing and rental company expects non-GAAP diluted EPS of $0.75 to $0.85 on revenue of $575 million to $595 million. Analysts polled by FactSet expect non-GAAP EPS of $0.90 on revenue of $616.4 million.

For 2025, the company lowered its outlook to non-GAAP diluted EPS of $2.90 to $3.30 on revenue of $2.43 billion to $2.50 billion, down from its previous estimates of non-GAAP EPS of $3.10 to $3.50 on revenue of $2.52 billion to $2.59 billion.

Analysts polled by FactSet expect non-GAAP EPS of $3.34 on revenue of $2.55 billion.

Shares of the company were down 9% in recent premarket activity.