Cash America International Earnings: Here’s Why Investors are Excited Now
Cash America International, Inc. (NYSE:CSH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.96%.
Cash America International, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.69% to $1.4 in the quarter versus EPS of $1.30 in the year-earlier quarter.
Revenue: Rose 2.32% to $468.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cash America International, Inc. reported adjusted EPS income of $1.4 per share. By that measure, the company beat the mean analyst estimate of $1.37. It missed the average revenue estimate of $474.99 million.
Quoting Management: Commenting on the first quarter results, Daniel R. Feehan, President and Chief Executive Officer of Cash America said, “During the first quarter of 2013 we executed well in the delivery of our consumer loan products generating outstanding growth in our E-Commerce business. While much of this growth was offset by the decrease in results in our retail lending services segment, which was expected based on our year-end outlook for this business, we were able to meet our expectations for consolidated financial performance for the first quarter.”
Key Stats (on next page)…