World Acceptance Corp. Q1 Profit Retreats 30%

(RTTNews) - World Acceptance Corp. (WRLD) released earnings for first quarter that lost ground compared to the same period last year.

The company said its earnings totaled $16.62 million, or $1.89 per share. This was lower than $23.63 million, or $2.71 per share, in last year's first quarter.

Analysts had expected the company to earn $2.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $127.08 million. This was down from $137.22 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q1): $16.62 Mln. vs. $23.63 Mln. last year. -Earnings Decline (Y-o-Y): -29.7% -EPS (Q1): $1.89 vs. $2.71 last year. -EPS Decline (Y-o-Y): -30.3% -Analysts Estimate: $2.22 -Revenue (Q1): $127.08 Mln vs. $137.22 Mln last year. -Revenue Change (Y-o-Y): -7.4%