« More apartments to come at Alliance Town Center in north Fort Worth | Main | Energy Future Holdings loss widens in 2012 »


Cash America earnings down on charges in fourth quarter

Fort Worth-based Cash America International, the nation's biggest operator of pawn shops, said it earned $24.5 million in the fourth quarter of 2012, down from $37.8 million a year earlier. The most recent quarter included $15.4 million in after-tax charges related to Mexico store closings and a refund to Ohio customers. Not counting those, Cash America earned $39.9 million, or $1.29 a share, higher than its own guidance and also of financial analysts' consensus estimate of $1.20. The news was favorably received by investors, who bid up the company's shares (ticker: CSH) by 7.5 percent in early trading.

Cash America said revenue rose 4 percent in the fourth quarter to $491.6 million.  Non-pawn consumer loans, such as payday loans, accounted for $222.9 million of that, up 24 percent from a year earlier. For all of 2012, the company earned $107.5 million, down from $136 million in 2011.

-- Jim Fuquay


TrackBack URL for this entry:

Listed below are links to weblogs that reference Cash America earnings down on charges in fourth quarter:


Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.


Category Cloud

Blog powered by TypePad
Member since 01/2007