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DFC Global Beats Earnings Est., Lags YoY - Analyst Blog
5/6/2013 12:20:00 PM
DFC Global Corp. ( DLLR ) reported
operating earnings of 24 cents per share for the fiscal third
quarter 2013 (ending Mar 31, 2013), which surpassed the Zacks
Consensus Estimate of 22 cents per share. However, results lagged
the year-ago earnings of 54 cents per share by 55.6%.
At Mar 31, 2013, DFC Global had drawn $22.6 million from its $235 million global revolving credit facility. The company had also drawn £5.3 million of its £6.0 million credit facilities in the U.K., and SEK 30.0 million and EUR 12.7 million of its respective SEK 125.0 million and EUR 18.8 million credit facilities in Scandinavia.
DFC Global reconfirmed its earnings guidance for fiscal 2013. Excluding any one-time charges or gains that may occur, the non-cash impact of ASC-470-20, and the non-cash amortization associated with the legacy cross-currency interest rate swap agreements, operating earnings are expected to be in the range of $1.70-$1.80 per share.
Performance of Other Financial Services Companies
American Express Co. ( AXP ), also known as AmEx, reported its first-quarter 2013 operating earnings per share of $1.15. The result comfortably surpassed the Zacks Consensus Estimate of $1.11 and the year-ago quarter earnings of $1.07 a share.
Discover Financial Services ( DFS ) reported first-quarter 2013 earnings per share (EPS) of $1.33, surpassing the Zacks Consensus Estimate of $1.12. EPS also surpassed the year-ago quarter's earnings of $1.21.
Euronet Worldwide Inc. ( EEFT ), reported its first-quarter 2013 operating earnings per share of 38 cents. The result surpassed both the Zacks Consensus Estimate and the year-ago quarter earnings by 22.6%.
DFC Global currently carries Zacks Rank #5 (Strong Sell).
AMER EXPRESS CO (AXP): Free Stock Analysis Report
DISCOVER FIN SV (DFS): Free Stock Analysis Report
DFC GLOBAL CORP (DLLR): Free Stock Analysis Report
EURONET WORLDWD (EEFT): Free Stock Analysis Report
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