First Cash Financial Q4 Profit Declines - Quick Facts

(RTTNews) - First Cash Financial Services Inc (FCFS), a specialty retailer and provider of consumer financial services, Tuesday reported fourth-quarter net income of $24.78 million or $0.84 per share, lower than $27.61 million or $0.93 per share in the previous year.

The company said its recent-quarter results included tax adjusted non-recurring transaction costs of about $0.02 per share associated with previously announced acquisitions, and reflected an approximate $0.12 per share tax adjusted earnings impact from non-core scrap jewelry sales compared to the fourth quarter of last year.

Additionally, the U.S. stand-alone consumer lending locations caused approximately $0.03 per share of tax adjusted earnings drag compared to the fourth quarter last year.

Income from continuing operations were $0.87, compared to $0.93 per share a year ago.

On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.88 per share for the quarter. Analysts' estimates typically exclude one-time items.

Net revenues for the quarter slightly increased to $100.19 million from $99.06 million a year ago. Analysts estimated revenues of $192.28 million for the quarter.

Looking ahead to full year 2014, the company expects earnings from continuing operations to be in a range of $3.00 to $3.15 per share. Street analysts are looking for earnings of $3.38 per share for the year.

The company expects to open about 75 to 85 new stores in 2014.