Cash America Q2 Profit Tops View; Lifts FY16 Earnings View - Quick Facts

(RTTNews) - Cash America International, Inc. (CSH), a provider of pawn lending and related services, reported Thursday that its second-quarter net income $2.10 million or $0.08 per share, compared to last year's $2.07 million or $0.08 per share.

Adjusted net income was $4.42 million or $0.18 per share, compared to $1.7 million or $0.06 per share last year.

On average, 6 analysts polled by Thomson Reuters expected earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated total revenue increased 2% to $241.2 million from $236.5 million a year ago. Analysts expected revenues of $250.05 million.

Additionally, the Company announced that the Board of Directors, at its regularly scheduled quarterly meeting, declared an $0.08 per share cash dividend on common stock outstanding. The dividend will be paid at the close of business on August 24 to shareholders of record on August 10.

Looking ahead, for the third quarter, the company expects net income per share to be between 24 cents and 30 cents per share compared to 19 cents per share last year.

Further, the company has slightly modified its previously reported expectations for fiscal year 2016 to between $1.34 and $1.50 in adjusted net income per share. This compares to reported net income of $1.01 per share for fiscal year 2015. The company previously expected net income of $1.30 and $1.50 per share.

Analysts expect earnings of $0.28 per share for the third quarter and $1.41 per share for the year.