World Acceptance (WRLD) Misses Q1 EPS by 33c
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World Acceptance Corporation Reports First Quarter
July 28, 2016 7:30 AM EDTGREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first fiscal quarter ended June 30, 2016.
Net income for the first quarter decreased 29.7% to $16.6 million compared to $23.6 million for the same quarter of the prior year. Net income per diluted share decreased 30.1% to $1.89Â in the first quarter of fiscal 2017 compared to $2.71 in the prior year quarter.
Total revenues decreased to $127.1 million for the first quarter of fiscal 2017, a 7.4% decrease from the $137.2 million reported for the first quarter last year. Revenues from the 1,285 offices open throughout both quarterly periods decreased by 6.1%.... More
