World Acceptance Corp. Q3 Profit Declines 20%

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

The company said its bottom line fell to $14.75 million, or $1.70 per share. This was down from $18.49 million, or $2.01 per share, in last year's third quarter.

Analysts had expected the company to earn $2.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.1% to $139.70 million. This was down from $148.70 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q3): $14.75 Mln. vs. $18.49 Mln. last year. -Earnings Decline (Y-o-Y): -20.2% -EPS (Q3): $1.70 vs. $2.01 last year. -EPS Decline (Y-o-Y): -15.4% -Analysts Estimate: $2.01 -Revenue (Q3): $139.70 Mln vs. $148.70 Mln last year. -Revenue Change (Y-o-Y): -6.1%