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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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July 23, 2015
06:34 EDTWRLDWorld Acceptance reports Q1 EPS $2.71, consensus $2.58
Reports Q1 revenue $137.2M, consensus $145.35M. Q1 loan loss provision decreased 15.1% to $26.2M from $30.9M in the year ago quarter. The provision decreased due to a reduction in net charge-offs, slower loan growth, and a smaller increase in past due accounts that are fully reserved when comparing Q1 to 1Q15. Q1 charge-off ratio improved on a quarter-over-quarter basis. Annualized net charge-offs as a percent of net loans were 11.9% for 1Q15 vs.12.7% during the prior year quarter.

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