World Acceptance (WRLD) Misses Q3 EPS by 41c
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World Acceptance Corporation Reports Fiscal 2022 Third Quarter Results
January 25, 2022 7:30 AM ESTGREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its third quarter of fiscal 2022 and nine months ended December 31, 2021.
Third quarter highlights
During its third quarter, the Company experienced exceptional growth in both loan balances and the customer base. While this growth initially depresses current earnings due to the day one provisioning for anticipated credit losses under the current accounting standards, it positions the Company well for the future as these customers continue to generate revenue over the long term.
Some highlights... More
