World Acceptance (WRLD) Stock Surged Post-Quarterly Results
World Acceptance (WRLD) Stock Surged Post-Quarterly Results
The World Acceptance Corporation (NASDAQ: WRLD) stock witnessed a notable surge on the US charts. Following the release of quarterly results, WRLD stock experienced a 17.32% increase to conclude the session at $142.67. In the midst of ongoing economic unpredictability, the company maintained a focus on credit quality and careful lending operations, as highlighted in its latest financial report for the third quarter of fiscal 2024.
世界認可公司（納斯達克股票代碼：WRLD）的股票在美國排行榜上大幅上漲。季度業績公佈後，WRLD股票上漲了17.32％，收於142.67美元。正如其最新的2024財年第三季度財務報告所強調的那樣，在持續的經濟不可預測的情況下，該公司繼續關注信貸質量和謹慎的貸款業務。
During this quarter, the net income marked a substantial climb, reaching $16.7 million, a significant leap compared to the $5.8 million recorded in the corresponding period of the previous year. Similarly, the net income per diluted share escalated from $0.99 to $2.84 over the same timeframe. In the third quarter of fiscal 2024, interest and fee income witnessed a 6.0% decline, settling at $118.7 million, while overall revenues experienced a matching 6.0% decrease, reaching $137.7 million.
在本季度，淨收入大幅攀升，達到1,670萬美元，與去年同期的580萬美元相比有了顯著的飛躍。同樣，攤薄後每股淨收益在同一時間段內從0.99美元上升至2.84美元。在2024財年第三季度，利息和費用收入下降了6.0％，收於1.187億美元，而總收入也相應下降了6.0％，達到1.377億美元。
Additionally, there was a 15.9% decline in insurance income, falling $14.5 million. Over the year, chnages took place in the structure of the loan portfolio, witnessing a decline in the proportion of substantial loans from 56.4% to 55.2%. Noteworthy are the positive trajectories observed in returns on insurance and interest rates, with increases of 180 and 160 basis points, respectively.
此外，保險收入下降了15.9％，下降了1,450萬美元。在過去的一年中，貸款組合的結構發生了變化，大額貸款的比例從56.4％下降到55.2％。值得注意的是，在保險回報率和利率方面觀察到的積極軌跡，分別增長了180和160個點子。
World Acceptance Corporation took a proactive approach by diminishing its provision for credit losses. The decrease from $59.6 million in the third quarter of fiscal 2023 to $40.6 million in the third quarter of fiscal 2024 resulted from implementing the current expected credit loss ("CECL") methodology to estimate foreseeable losses. As part of its financial strategy, the company carried out share repurchases, dedicating around $17.2 million to obtain 148,765 shares of its common stock from the open market in the third quarter of fiscal 2024.
世界認可公司採取了積極的方針，減少了信貸損失準備金。從2023財年第三季度的5,960萬美元減少到2024財年第三季度的4,060萬美元，這是由於採用了當前的預期信用損失（“CECL”）方法來估算可預見的損失。作爲其財務戰略的一部分，該公司進行了股票回購，在2024財年第三季度投入約1720萬美元從公開市場購買了148,765股普通股。
This is consistent with its prior buyback endeavors, which involved acquiring 589,533 shares in fiscal 2022 at an estimated total expenditure of approximately $111.1 million and purchasing 73,643 shares in fiscal 2023 at a cost of $14.3 million. Overall, World Acceptance Corporation is strategically positioned for enduring stability amidst economic uncertainty due to its proactive initiatives and judicious spending practices.
這與其之前的回購計劃一致，其中包括在2022財年收購589533股股票，估計總支出約爲1.111億美元，並在2023財年以1430萬美元的價格購買73,643股股票。總體而言，由於其積極的舉措和明智的支出做法，World Acceptance Corporation在經濟不確定性中處於持久穩定的戰略地位。
譯文內容由第三人軟體翻譯。