World Acceptance Corp. Reveals 10% Fall In Q2 Profit

(RTTNews) - World Acceptance Corp. (WRLD) reported a profit for second quarter that dropped from last year.

The company said its earnings dropped to $19.19 million, or $2.22 per share. This was lower than $21.27 million, or $2.30 per share, in last year's second quarter.

Analysts had expected the company to earn $2.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.9% to $136.41 million. This was down from $148.18 million last year.

World Acceptance Corp. earnings at a glance:

-Earnings (Q2): $19.19 Mln. vs. $21.27 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q2): $2.22 vs. $2.30 last year. -EPS Decline (Y-o-Y): -3.5% -Analysts Estimate: $2.26 -Revenue (Q2): $136.41 Mln vs. $148.18 Mln last year. -Revenue Change (Y-o-Y): -7.9%