World Acceptance Corp. Bottom Line Retreats 19% In Q2

(RTTNews) - World Acceptance Corp. (WRLD) revealed earnings for second quarter that fell compared to the same period last year.

The company said its bottom line dropped to $15.49 million, or $1.76 per share. This was lower than $19.19 million, or $2.22 per share, in last year's second quarter.

Analysts had expected the company to earn $1.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.2% to $129.27 million. This was down from $136.41 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q2): $15.49 Mln. vs. $19.19 Mln. last year. -Earnings Decline (Y-o-Y): -19.3% -EPS (Q2): $1.76 vs. $2.22 last year. -EPS Decline (Y-o-Y): -20.7% -Analysts Estimate: $1.70 -Revenue (Q2): $129.27 Mln vs. $136.41 Mln last year. -Revenue Change (Y-o-Y): -5.2%