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FirstCash Shares Fall After Q1 Revenue Trails Analysts' Expectations
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FirstCash Shares Fall After Q1 Revenue Trails Analysts' Expectations
Apr 25, 2024 7:21 AM

09:58 AM EDT, 04/25/2024 (MT Newswires) -- FirstCash ( FCFS ) shares were down more than 8% in recent Thursday trading after the company posted Q1 revenue that fell short of Capital IQ analysts' expectations.

The company reported Q1 adjusted earnings of $1.55 per diluted share, up from $1.25 a year earlier. Four analysts surveyed by Capital IQ expected $1.22.

Revenue for the quarter ended March 31 was $836.4 million, compared with $762.7 million a year earlier. The analysts surveyed by Capital IQ expected nearly $846 million.

The company said its board maintained its quarterly dividend at $0.35 per share, payable on May 31 to stockholders of record as of May 15.

Price: 120.48, Change: -11.55, Percent Change: -8.75

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