World Acceptance Corp. Earnings Drop 21% In Q1

(RTTNews) - World Acceptance Corp. (WRLD) announced a profit for first quarter that retreated compared to the same period last year.

The company said its earnings declined to $13.07 million, or $1.48 per share. This was lower than $16.62 million, or $1.89 per share, in last year's first quarter.

Analysts had expected the company to earn $2.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.4% to $128.91 million. This was up from $127.08 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q1): $13.07 Mln. vs. $16.62 Mln. last year. -Earnings Decline (Y-o-Y): -21.4% -EPS (Q1): $1.48 vs. $1.89 last year. -EPS Decline (Y-o-Y): -21.7% -Analysts Estimate: $2.03 -Revenue (Q1): $128.91 Mln vs. $127.08 Mln last year. -Revenue Change (Y-o-Y): 1.4%