BOSTON (Thomson Financial) - Cash America International Inc. said Thursday
it anticipates closing up to 139 of its Ohio lending locations in response to
new legislation that will change the pricing and parameters of its cash advance
product in the state.
As a result, the Fort Worth, Texas-based pawnshop operator lowered its
fiscal 2008 earnings guidance to $2.85 to $3 a share, down from its prior
outlook of $3 to $3.15 a share.
While the Governor of Ohio has not yet signed the legislation into law, it
is expected that he will do so, Cash America said.
The stock closed Wednesday at $36.80 a share.
Greg Saulnier
gs/vj
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