June 11, 2009 / 9:31 PM / 10 years ago

UPDATE 1-Ezcorp cuts Q3, FY09 profit view on weak US demand

* Sees Q3 profit of 29-31 cents/shr

* Shares down 10 pct

June 11 (Reuters) - Pawn and payday lender Ezcorp Inc (EZPW.O) cut its profit outlook for the third quarter and full year, citing lower-than-expected demand for its loan products and previously owned merchandise in the United States.

The company lowered its third-quarter earnings view to 29 cents to 31 cents a share, from its earlier forecast of about 34 cents a share.

For the full-year, it now expects to earn $1.40 to $1.44 a share, down from its previous outlook of $1.50 to $1.52 a share.

Shares of the company were down 10 percent at $11.55 in trading after the bell. They closed at $12.89 Thursday on Nasdaq. (Reporting by Archana Shankar in Bangalore; Editing by Vinu Pilakkott)

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