FBR Capital Cuts Price Target on World Acceptance (WRLD) Following 1Q16
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World Acceptance Corporation Reports First Quarter
July 23, 2015 6:30 AM EDTFirst Quarter Earnings per Diluted Share Up 16.7% to $2.71
GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first fiscal quarter ended June 30, 2015.
Net income for the first quarter increased 4.8% to $23.6 million compared with $22.6 million for the same quarter of the prior year. Net income per diluted share increased 16.7% to $2.71 on 8.7 million average weighted shares outstanding in the first quarter of fiscal 2016 compared with $2.32 on 9.7 million average weighted shares outstanding in the first quarter of fiscal 2015.
The Company did not repurchase any shares in the first... More
