First Cash Financial Q3 Profit Drops, Cuts FY EPS View

(RTTNews) - First Cash Financial Services, Inc. (FCFS), an international operator of retail pawn stores in the U.S. and Mexico, Tuesday said its net income for the third quarter fell from the previous year, along with a decline in revenues.

Net income declined to $11.17 million from $19.53 million. Earnings per share fell to $0.40 from $0.68.

On average, eight analysts polled by Thomson Reuters expected earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue dropped to $169.53 million from $175 million reported in the previous year. Net revenue was $95.4 million, compared to $98.86 million in the prior year. Analysts expected revenues of $175.02 million.

Due primarily to the weakening of the Mexican peso during the third quarter and expected continued impact in the fourth quarter, the company revised its fiscal full-year 2015 adjusted earnings guidance to a range of $2.40 to $2.50 per share.

In July, the company projected a range of $2.60 to $2.75 per share for the year.