World Acceptance Corp. Q2 Income Falls 37%

(RTTNews) - World Acceptance Corp. (WRLD) released earnings for second quarter that dropped from last year.

The company said its profit declined to $9.80 million, or $1.10 per share. This was lower than $15.49 million, or $1.76 per share, in last year's second quarter.

Analysts had expected the company to earn $1.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.3% to $131.01 million. This was up from $129.27 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q2): $9.80 Mln. vs. $15.49 Mln. last year. -Earnings Decline (Y-o-Y): -36.7% -EPS (Q2): $1.10 vs. $1.76 last year. -EPS Decline (Y-o-Y): -37.5% -Analysts Estimate: $1.89 -Revenue (Q2): $131.01 Mln vs. $129.27 Mln last year. -Revenue Change (Y-o-Y): 1.3%