Stock Track | EZCORP Soars 5.96% After-Hours as Q1 Adjusted EPS Beats Estimates

Stock Track

02-06

EZCORP Inc (NASDAQ: EZPW) shares surged 5.96% in the after-hours trading session on Wednesday, following the release of the company's better-than-expected first-quarter earnings results.

The pawn shop operator reported adjusted earnings per share of $0.42 for the quarter, outpacing analysts' consensus estimate of $0.37. The strong earnings performance was driven by higher profitability, despite a slight miss on the revenue front.

EZCORP's first-quarter revenue came in at $320.2 million, narrowly missing the consensus estimate of $322.8 million. However, the company's adjusted EBITDA of $53 million and pretax profit of $41.4 million signaled improved operational efficiency and cost control measures.

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