Shares of EZCorp(EZPW Quote) were among the Nasdaq's winners Friday, jumping 16% after the pawn-loan company boosted its fourth-quarter earnings projection.
For the quarter ended Sept. 30, the company expects to post earnings of 61 cents to 64 cents a share, up from an earlier forecast of 43 cents to 46 cents a share. Analysts polled by Thomson First Call project earnings of 45 cents a share.
"During the quarter, the company realized a stronger-than-expected signature loan contribution (primarily due to lower levels of bad debt), a net benefit of approximately 4 cents a share from several non-recurring items, and a lower-than-expected earnings drag from new-store openings," the company said. EZCorp now sees full-year earnings of $2.05 to $2.08 a share. Shares were trading up $5.95 to $42.30. ...
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