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Stock Market & Financial Investment News

News Breaks
April 1, 2013
11:03 EDTWRLD, DLLR, FCFS, CSH, EZPWPayday lenders slump after DFC Global lowers forecast
Shares of DFC Global (DLLR) and those of some of its peers in the alternative financial services industry declined after DFC issued worse than expected earnings per share guidance for its third quarter and lowered its view of profit for the full year. WHAT'S NEW: DFC Global announced this morning that it expects earnings per share for the three months ended March 31 to be 20c-24c, compared to the consensus forecast of 63c. The company also lowered its fiscal 2013 earnings per share guidance to $1.70-$1.80 from its prior estimate of $2.35-$2.45. The company cited issues caused by new regulations in the United Kingdom. In early March, a British regulator, the Office of Fair Trading, or OFT, said it would give "payday lenders" 12 weeks to change their business practices. One of the OFT's complaints about the lenders was that they were granting consumers loans that they could not afford to repay, and then profiting from multiple rollovers of those loans. DFC Global said that it has responded to these developments by implementing higher lending standards. The lender obtained 48% of its revenue from the United Kingdom in fiscal 2012, according to the company's annual report. OTHERS TO WATCH: Other publicly traded payday lending companies include First Cash Financial (FCFS), Cash America (CSH), EZCORP (EZPW) and World Acceptance (WRLD). TODAY'S PRICE ACTION: In mid-morning trading, DFC Global plunged over 18% to $13.59, while First Cash and World Acceptance slid about 2%, Cash America declined 2.7%, and EZCORP fell 3%.
News For DLLR;FCFS;CSH;EZPW;WRLD From The Last 14 Days
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July 24, 2014
06:18 EDTCSHCash America: Q2 reflects lower loan loss rates, renewed pawl lending demand
06:03 EDTCSHCash America sees FY14 EPS $4.20-$4.40, consensus $4.30
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06:03 EDTCSHCash America sees Q3 EPS 70c-80c, consensus 81c
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06:01 EDTCSHCash America reports Q2 non-GAAP EPS $1.04, consensus 88c
Reports Q2 revenue $455.09M, consensus $433.29M
July 23, 2014
16:54 EDTCSHCash America CEO Daniel Feehan to retire in April 2015
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July 22, 2014
06:40 EDTWRLDWorld Acceptance: Provision for loan losses up 7.6% to $30.9M in Q1
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06:39 EDTWRLDWorld Acceptance reports Q1 EPS $2.19, consensus $2.25
Reports Q1 revenue $150.31M, consensus $151.68M
July 21, 2014
12:10 EDTEZPWOn The Fly: Midday Wrap
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10:31 EDTEZPWHigh option volume stocks:
High option volume stocks: EZPW LCI STLD SIAL FL OREX CROX NIHD EXTR BBT
10:02 EDTEZPWOn The Fly: Analyst Downgrade Summary
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09:22 EDTEZPWEZCORP downgraded to Neutral from Buy at Sidoti
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08:17 EDTEZPWEZCORP appoints CFO Mark Kuchenrither as interim CEO and President
Kuchenrither will remain CFO.
July 18, 2014
16:41 EDTEZPWEZCORP removes Paul Rothamel as CEO, to appoint interim CEO shortly
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July 17, 2014
09:37 EDTCSHCash America proposed UK rate caps will reduce profits, FBR Capital
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06:24 EDTFCFSFirst Cash Financial sees Q3 EPS lower than 3Q13's EPS of 79c
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06:23 EDTFCFSFirst Cash Financial backs 2014 EPS view $3.00-$3.15, consensus $3.01
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06:18 EDTFCFSFirst Cash Financial reports Q2 EPS 55c with items, consensus 53c
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July 16, 2014
10:00 EDTCSHOn The Fly: Analyst Upgrade Summary
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07:53 EDTCSHCash America upgraded at Sterne Agee
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07:05 EDTCSHCash America upgraded to Buy from Neutral at Sterne Agee
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