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EZCORP board approves share buyback plan

EZCORP Inc.'s board authorized a stock repurchase program for the company to buy back up to $60 million of its class A nonvoting common shares over the next three years.

Under the program, the company may buy the shares back from time to time through open market transactions, block or privately negotiated transactions, or any combination of these.

EZCORP reported a net loss attributable to the company of $645,000, or 1 cent per share, in the three months ended Sept. 30, compared to a net loss attributable to the company of $1.4 million, or 2 cents per share, in the year-ago period.

For the fiscal year ended Sept. 30, EZCORP reported net income attributable to the company of $2.5 million, or 5 cents per share, compared to $37.3 million, or 66 cents per share, in the year-ago period.