UPDATE: Cash America Posts Downbeat Q2 Profit

Cash America International

reported a weaker-than-expected second-quarter profit. Cash America's quarterly net income surged to $29.8 million, or $0.94 per share, versus $27 million, or $0.84 per share, in the year-ago period. Its revenue climbed about 19% to $411.6 million. However, analysts were expecting earnings of $0.97 per share on revenue of $407.2 million. Cash America shares closed at $45.12 yesterday.