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Cash America hikes FY'16 outlook

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Cash America hikes FY'16 outlook

Cash America InternationalInc. expects net income for the second quarter to come in at 12 centsper share to 18 cents per share, up from 8 cents per share in the year-ago period.

The company is also increasingits expectations for fiscal year 2016 and now anticipates adjusted EBITDA to rangebetween $125 million and $133 million. Net income per share for the year is projectedto come in at $1.30 to $1.50, versus $1.01 per share for 2015. It previouslycalled for net income of $1.25 per share to $1.45 per share in 2016.

The S&P Capital IQ consensus normalized EPS estimate forthe full year is $1.35.

The guidance does not take the pending merger with FirstCash Financial Services Inc. into account.