World Acceptance Corp. Q3 Income Declines 35%

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

The company said its bottom line dropped to $9.64 million, or $1.10 per share. This was lower than $14.75 million, or $1.70 per share, in last year's third quarter.

Analysts had expected the company to earn $1.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.3% to $130.82 million. This was down from $139.69 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q3): $9.64 Mln. vs. $14.75 Mln. last year. -Earnings Decline (Y-o-Y): -34.6% -EPS (Q3): $1.10 vs. $1.70 last year. -EPS Decline (Y-o-Y): -35.3% -Analysts Estimate: $1.56 -Revenue (Q3): $130.82 Mln vs. $139.69 Mln last year. -Revenue Change (Y-o-Y): -6.3%