World Acceptance (WRLD) Misses Q3 EPS by 31c

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Go back to World Acceptance (WRLD) Misses Q3 EPS by 31c

World Acceptance Corporation Reports Third Quarter Results

January 28, 2016 6:30 AM EST

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its third fiscal quarter and nine months ended December 31, 2015.

Net income for the third quarter decreased 20.2% to $14.8 million compared to $18.5 million for the same quarter of the prior year. Net income per diluted share decreased 15.5% to $1.70 in the third quarter of fiscal 2016 compared to $2.01 in the prior year quarter.

The Company did not repurchase any shares in the third 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