World Acceptance misses 3Q profit forecasts
World Acceptance posts 3Q profit of $9.6 million, result misses forecasts
GREENVILLE, S.C. (AP) _ World Acceptance Corp. (WRLD) on Thursday reported fiscal third-quarter net income of $9.6 million.
On a per-share basis, the Greenville, South Carolina-based company said it had profit of $1.10.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The subprime consumer lender posted revenue of $130.8 million in the period.
World Acceptance shares have decreased 6 percent since the beginning of the year. The stock has risen 63 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRLD at https://www.zacks.com/ap/WRLD
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Keywords: World Acceptance, Earnings Report
