yahoo.com
Jul 22, 2008
BANGALORE, July 22 (Reuters) - First Cash Financial Services Inc (FCFS.O: ) reported a 25 percent fall in quarterly profit, but beat analysts' estimates by a cent, helped by a rise in pawn store revenue and reiterated its 2008 earnings view. The company's automotive dealership, Auto Master, continued to show some contraction in sales and reported a store-level loss of 3 cents a share, but showed some improvement sequentially. "Overall the company's earnings are not going to be as strong as its competitors, but that's because of auto master. If you take auto master out, they would have earned 26 cents, Stephens Inc analyst Dennis Telzrow told Reuters. First Cash competes with Cash America International Inc (CSH.N: ) and Advance America Cash Advance Centers Inc...
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