Rent-A-Center ( RCII), a rent-to-own operator, said its second-quarter earnings fell 4.8% despite modest rise in sales. The company earned $39.84 million, or 56 cents a share, in the quarter, compared with $41.74 million, or 55 cents a share, a year ago. The earnings a share increased in the quarter due to the decline in the number of shares. The previous year quarter also included tax credit which had a 3 cent a share benefit on earnings. Analysts surveyed by Thomson First Call were expecting earnings of 52 cents a share in the most recent quarter. Second-quarter revenue rose marginally 0.5% from a year ago to $583.62 million as against analysts' expectation of $581.48 million. The Plano, Texas-based company said the rise in revenue was primarily driven by a 1.1% rise in same store sales plus an increase in incremental revenues generated in new and acquired stores, offset by the revenue lost from stores that were closed or sold during the previous twelve months. For the third quarter, the company expects a revenue of $584 million to $592 million, as against analysts' expectation of $580.28 million. For the full year, the company has raised its earnings to $2.08 to $2.15 a share, on revenue of $2.36 billion to $2.38 billion, as against analysts' expectation of $2.08 a share, on revenue of $2.36 billion.