World Acceptance (WRLD) Misses Q2 EPS by 6c

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World Acceptance Corporation Reports Second Quarter

October 29, 2015 6:30 AM EDT

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its second fiscal quarter and six months ended September 30, 2015.

Net income for the second quarter decreased 9.8% to $19.2 million compared to $21.3 million for the same quarter of the prior year. Net income per diluted share decreased 3.4% to $2.22 in the second quarter of fiscal 2016 compared to $2.30 in the prior year quarter.

The Company did not repurchase any shares in the second quarter of fiscal 2016. However, the Company benefited from the 1.4 million shares repurchased during fiscal 2015. The prior year repurchases resulted in a... More