By Chris Wack
FirstCash Holdings shares were 9% higher, at $131.75, after the company reported first-quarter earnings that beat analysts' expectations.
The Fort Worth, Texas, pawn-store operator said it had quarterly earnings of $83.6 million, or $1.87 a share, compared with $61.4 million, or $1.35 a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $68 million, or $1.52 a share.
Revenue for the quarter was $836.4 million, about flat with last year's figure, compared with the $835.7 million that analysts were looking for.
Adjusted earnings were $2.07 a share, compared with the $1.74 a share analysts had forecast.
FirstCash said first-quarter results were driven by continued revenue and earnings growth from its core pawn operations, along with "strong operating margins" in its point-of-sale payment-technology segment.
Pawn receivables increased 16% during the quarter, and pawn-loan fees rose 12%.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
April 24, 2025 10:42 ET (14:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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