First Cash Financial Services Q2 Profit Falls, Backs Full Year EPS View

(RTTNews) - First Cash Financial Services Inc (FCFS), a specialty retailer and provider of consumer financial services, Wednesday reported lower profit for the second quarter, despite increased revenues.

Net income for the quarter fell to $15.66 million from $16.35 million. Earnings per share slid to $0.53 from $0.56.

The latest results included $0.04 of non-recurring expenses related to acquisition costs and integration charges primarily associated with the acquisition of a chain of 19 pawn stores in Texas.

On average, 11 analysts polled by Thomson Reuters expected earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $143.14 million from $132.39 million in the prior year. Analysts expected revenues of $149.84 million.

The company still expects full-year 2013 earnings growth over the prior year with earnings per share to be in a range of $2.75 to $2.90. Analysts expect earnings of $2.84 per share.