World Acceptance (WRLD) Misses Q3 EPS by 58c, Revenue Beats

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World Acceptance Corporation Reports Fiscal 2019 Third Quarter Results

January 31, 2019 7:30 AM EST

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ:WRLD) today reported financial results for its third fiscal quarter ended December31, 2018.

Three-month results

Gross loans outstanding in the US increased to $1.26 billion as of December31, 2018, an 11.7% increase from the $1.13 billion of gross loans outstanding as of December31, 2017. Our unique borrowers in the US increased by 80,074, or 9.6%, during the third quarter of fiscal 2019. This is compared to an increase of 39,725, or 5.0%, during the third quarter of fiscal 2018.

As previously disclosed, we sold our Mexico operations effective July 1, 2018. As a result of the sale, we... More