First Cash Financial Services records Q3 earnings a penny shy of estimates

Shares of First Cash Financial Services, Inc. (Nasdaq: FCFS) are easing in pre-market trading after the provider of consumer financial services reported third-quarter earnings a penny shy of the Street’s estimates.

For the three months ended Sept. 30, the Arlington, Texas-based small cap recorded earnings per share of $0.32, a shade below the consensus of six analysts surveyed by Thomson Financial of $0.33 per share. First Cash recorded earnings of $0.25 per share in the third quarter last year.

Revenue increased by 51%, to $105 million, compared with $69 million in the third quarter of 2006.  Three analysts polled by Thomson Financial were on average expecting $99.81 million in revenues.

For the full year, the company is maintaining its guidance and anticipates earnings per share in the range of $1.25 to $1.30 per share. Six analysts surveyed by Thomson Financial are on average forecasting earnings per share for the full year at the top end of the guidance range of $1.30.

Shares of First Cash (FCFS) edged down 0.33%, or $0.08, to $24 in pre-market trading. Shares of First Cash have been trading in the range of $19.33 to $26.47 for the past 52 weeks.

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