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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.