FirstCash, Inc. (NASDAQ:FCFS) reported its second quarter earnings results on Wednesday 22nd July 2020 before market open.
The reported $ 0.62 income per share for the quarter
On adjusted basis, FirstCash, Inc. reported income for the quarter of $ 0.62 per share, beat the consensus estimate of $ 0.58 income per share by $ 0.04 or 6.90 percent.
The quarterly earnings dropped 18.42 percent compared with the same quarter last year.
The firm had revenue of $ 412.75 million for the quarter, compared to the consensus estimate of $ 437.16 million. The revenues fell short of analysts estimates by $ 24.41 million or 5.58 percent.
The financial report showed revenues reduced 7.46 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
In addition, the Board of Directors declared a $0.27 per share quarterly cash dividend to be paid in August 2020.
Due to the uncertainty around COVID-19 and foreign currency volatility, the Company withdrew its initial 2020 earnings guidance on April 22, 2020. Given the ongoing uncertainties regarding the pace of the anticipated recovery and currency volatility, the Company has not reinstated earnings guidance for the balance of the year.
