World Acceptance (WRLD) Misses Q1 EPS by 35c, Revenues Miss

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Go back to World Acceptance (WRLD) Misses Q1 EPS by 35c, Revenues Miss

World Acceptance Corporation Reports Fiscal 2019 First Quarter Results

July 26, 2018 7:30 AM EDT

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first fiscal quarter ended June 30, 2018.

Three-month results

Gross loans outstanding in the US increased to $1.06 billion as of June 30, 2018, an 8.2% increase from the $981.8 million of gross loans outstanding as of June 30, 2017. Our unique borrowers in the US increased by 20,805 or 2.7% during the first quarter of fiscal 2019. This is compared to an increase of 15,616 or 2.1% during the first quarter of fiscal 2018.

As previously disclosed, we entered into an agreement to sell our Mexico operations and intend... More