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News Breaks
June 3, 2014
12:03 EDTWRLDWorld Acceptance drops after saying auditor needs more time
World Acceptance disclosed last night that it was notified by its independent registered public accounting firm, KPMG, that KPMG will require additional time to complete the audit of the company’s consolidated financial statements for the fiscal year ended March 31, 2014. KPMG was unable to complete its audit procedures by May 30, "without unreasonable effort or expense," the company stated. World Acceptance added that it expects its financial statements to be "materially consistent" with previously reported numbers. Shares of World Acceptance are down 3%, or $2.09, to $77.48 in midday trading.
News For WRLD From The Last 14 Days
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January 28, 2016
06:31 EDTWRLDWorld Acceptance reports Q3 EPS $1.70, consensus $2.01
Reports Q3 revenue $139.70M, consensus $143.07M. Net charge-offs as a percentage of average net loans on an annualized basis decreased from 15.5% to 14.6% when comparing the two quarterly periods. The provision for the quarter decreased $2.9 million dollars quarter over quarter. The lower provision benefited from a $3.2 million decrease in net charge-offs, slower loan growth quarter over quarter, and improved delinquencies in Mexico partially off-set by higher delinquencies in the US.

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