World Acceptance (WRLD) Reports Q3 EPS of $1.10

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World Acceptance Corporation Reports Third Quarter Results

January 26, 2017 7:30 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, 2016.

Net income for the third quarter decreased 34.6% to $9.6 million compared to $14.8 million for the same quarter of the prior year. Net income per diluted share decreased 35.3% to $1.10 in the third quarter of fiscal 2017 compared to $1.70 in the prior year quarter.

Total revenues decreased to $130.8 million for the third quarter of fiscal 2017, a 6.4% decrease from the $139.7 million reported for the third quarter last year. Revenues from the 1,271 offices open throughout both quarterly periods... More