World Acceptance Q3 Net Down - Quick Facts

(RTTNews) - World Acceptance Corporation(WRLD), Thursday reported a slight decline in net income for the third-quarter, reflecting increase in expenses, that offset the higher revenues. However, on a per share basis, earnings increased, on lower share count.

For the three-month period, the company reported net income of $21.5 million, compared with $22.9 million last year. However, earnings per share increased to $1.80 per share from $1.72 per share a year ago. Total shares outstanding at the end of the quarter decreased to 11.9 million, from 13.2 million last year.

On average, five analysts polled by Thomson Reuters expected the company to report earnings per share of $2 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the period increased to $150 million, from $139.3 million a year earlier. Analysts expected the company to report revenues of $153.47 million for the quarter.