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Stock impact report

World Acceptance Corporation Reports Fiscal 2024 First Quarter Results

World Acceptance Corporation (WRLD) 
Last world acceptance corporation earnings: 1/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: loansbyworld.com/about-us/investors
Company Research Source: Business Wire
GREENVILLE, S.C.--(BUSINESS WIRE)--World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first quarter of fiscal 2024 and three months ended June 30, 2023.First quarter highlightsDuring its first fiscal quarter, World Acceptance Corporation continued to focus on credit quality and a conservative approach to its lending operations. Management believes that continuing to carefully invest in our best customers and closely monitoring performance will put the Company in a strong position throughout the fiscal year, particularly given the potentially challenging economic environment.Highlights from the first quarter include:Net income of $9.5 millionDiluted net income per share of $1.62Recency delinquency on accounts 90+ days past due improved from 4.1% at June 30, 2022, to 3.5% at June 30, 2023Gross loans outstanding of $1.40 billion, a 0.6% increase from March 31, 2023Total revenues of $139.3 million, including a 130 basis point yield increase compared t Show less Read more
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