Cash America International, Inc. (NYSE: CSH) announced today that it
expects earnings for the first quarter ended March 31, 2008 will exceed
the Company’s previously released guidance and
be higher than security analysts’ published
estimates. Greater revenue growth and lower than expected loan losses on
its cash advance loan product are now forecasted to generate earnings
above the guidance levels published in the Company’s
January 24, 2008 press release.
Cash America had previously reported in its earnings release for the
fourth quarter and full year of 2007 that it expected first quarter 2008
earnings per share to be between 70 cents and 75 cents. The Company’s
updated earnings expectation for the first quarter of 2008 is 80 cents
to 82 cents per share, up from 63 cents per share in the first quarter
of 2007. Cash America will release complete first quarter results on
April 24, 2008 before the market opens. The Company will conduct a
conference call to discuss its first quarter earnings and management’s
revised outlook for future periods at 7:45 a.m. CDT that day. A live web
cast of the call will be available on the home page of the Company’s
corporate web site (www.cashamerica.com).
Cash America International, Inc. is a provider of specialty financial
services to individuals in the United States with 942 total locations as
of December 31, 2007. Cash America is the largest provider of secured
non-recourse loans to individuals, commonly referred to as pawn loans,
through 499 locations in 23 states under the brand names Cash America
Pawn and SuperPawn. The Company also offers short-term cash advances in
many of its locations including 304 locations that offer this service
under the brand names Cash America Payday Advance and Cashland.
Short-term cash advances are also offered over the Internet to customers
in 32 states in the United States and the United Kingdom at http://www.cashnetusa.com
and http://www.quickquid.co.uk,
respectively. In addition, check cashing services are provided through
its 139 franchised and Company-owned “Mr.
Payroll” check cashing centers.
For additional information regarding the Company and the services it
provides, visit the Company’s websites located
at:
http://www.cashamerica.com
http://www.cashnetusa.com
http://www.cashlandloans.com
http://www.quickquid.co.uk
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
This release contains forward-looking statements about the business,
financial condition and prospects of Cash America International, Inc.
and its subsidiaries (the “Company”).
The actual results of the Company could differ materially from those
indicated by the forward-looking statements because of various risks and
uncertainties including, without limitation, changes in demand for the
Company's services, the continued acceptance of the online distribution
channel by the Company’s cash advance
customers, the actions of third parties who offer products and services
at the Company’s locations, changes in tax
and other laws and governmental rules and regulations applicable to the
Company’s business, fluctuations in the price
of gold, changes in competition, the ability of the Company to open new
operating units in accordance with its plans, economic conditions, real
estate market fluctuations, interest rate fluctuations, changes in
foreign currency exchange rates, changes in the capital markets, changes
in tax and other laws and governmental rules and regulations applicable
to the Company's businesses, the ability to successfully integrate newly
acquired businesses into the Company’s
operations and other risks indicated in the Company's filings with the
Securities and Exchange Commission. These risks and uncertainties are
beyond Company’s control, and the Company
cannot predict all of the risks and uncertainties that could cause its
actual results to differ materially from those indicated by the
forward-looking statements. When used in this release, terms such as “believes,”
“estimates,” “plans,”
“expects,” “anticipates”
and similar expressions as they relate to the Company or its
management are intended to identify forward-looking statements. The
Company disclaims any intention or obligation to update or revise any
forward-looking statements to reflect events or circumstances occurring
after the date of this release.
|