July 18 Pawn and payday lender First Cash
Financial Services Inc's quarterly profit rose as the
company earned more from its pawn operations.
The company last month acquired 24 full-format pawn stores
operating under the "Mister Money" brand, taking its store
footprint from eight states to 12.
The company maintained its earnings forecast of $2.70 to
$2.75 per share for the year.
Net income from continuing operations for April-June rose to
$16.3 million, or 56 cents per share, from $15.2 million, or 48
cents per share, a year earlier.
Revenue rose 18 percent to $132.8 million on a constant
Analysts had expected the company to post a profit of 56
cents per share on revenue of $133.2 million, according to
Thomson Reuters I/B/E/S.
The Arlington, Texas-based company's shares closed at $41.26
on Tuesday on the Nasdaq.