U.S. Markets open in 3 hrs 58 mins

Curo Group: 4Q Earnings Snapshot

WICHITA, Kan. (AP) _ Curo Group Holdings Corp. (CURO) on Wednesday reported fourth-quarter net income of $29.6 million, after reporting a loss in the same period a year earlier.

The Wichita, Kansas-based company said it had net income of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The consumer finance company posted revenue of $302.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $307.7 million.

For the year, the company reported net income of $103.9 million, or $2.26 per share, swinging to a profit in the period. Revenue was reported as $1.14 billion.

Curo Group expects full-year earnings in the range of $3.10 to $3.35 per share, with revenue in the range of $1.17 billion to $1.2 billion.

Curo Group shares have dropped 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.31, a decrease of 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CURO at https://www.zacks.com/ap/CURO