World Acceptance Q2 Profit Declines

(RTTNews) - World Acceptance Corp. (WRLD) Thursday announced a decline in second quarter net income to $15.49 million from $19.19 million in the previous year. On a per share basis, earnings were $1.76, down from $2.22 a year ago.

On average, 6 analysts polled by Thomson Reuters expected the company to earn $1.7 per share. Analysts estimates usually exclude special items.

Total revenue for the quarter declined 5.2 percent to $129.27 million from $136.41 million in the prior year. Interest and fee revenues were $116.98 million, down from $123.96 million in the previous year. Wall Street expected the company to report revenue of $128.86 million.