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04/25/2013

Cash America earnings up as online operations grow

Fort Worth-based Cash America International said its first-quarter profit rose 6 percent to $43.9 million on slightly higher revenues of $468.1 million as higher fees on consumer loans offset lower pawn sales. Growth in the company’s online operations accounted for all of the growth in lending. Cash America’s earnings amounted to $1.40 a share, above Wall Street analysts’ consensus forecast of $1.37. Its shares (ticker: CSH) were up less than 1 percent at mid-day.
— Jim Fuquay

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