World Acceptance (WRLD) Tops Q1 EPS by $2.32, Revenues Miss
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World Acceptance Corporation Reports Fiscal 2021 First Quarter Results
July 30, 2020 7:30 AM EDTFirst quarter highlights:
Net income of $15.5 million, an 80.2% increase from $8.6 million in Q1 of the prior year Net income per diluted share of $2.24, a 130.6% increase from $0.97 per share in Q1 of the prior year Gross loans outstanding of $1.07 billion, a 12.7% decrease from $1.22 billion at the end of Q1 of the prior year Total revenues of $123.9 million, a 10.5% decrease from $138.4 million in Q1 of the prior year COVID-19 related allowance build of $12.9 million, or 13.0% Increased demand and loan growth in June Amended credit facility to allow more... More