World Acceptance (WRLD) Misses Q4 EPS by 42c
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World Acceptance Corporation Reports Fourth Quarter
May 5, 2016 7:30 AM EDTGREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its fourth fiscal quarter and twelve months ended March 31, 2016.
Net income for the fourth quarter decreased 41.0% to $28.6 million compared to $48.5 million for the same quarter of the prior year. Net income per diluted share decreased 38.4% to $3.29Â in the fourth quarter of fiscal 2016 compared to $5.34 in the prior year quarter.
The Company did not repurchase any shares in the fourth 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
