UPDATE 1-World Acceptance Q4 profit beats Wall Street view
(Recasts, adds details)
April 24 (Reuters) - Consumer finance company World Acceptance Corp (WRLD.O) reported quarterly profit above Wall Street estimates, helped by increase in demand for its tax preparation services.
The fourth-quarter net income rose 16 percent to $24.4 million, or $1.44 a share from $21.0 million, or $1.17 a share.
Total revenue rose 16 percent to $101.4 million.
Analysts expected the company to earn $1.38 a share on revenue of $102.1 million, according to Reuters Estimates.
Net fees from tax preparation services rose 18 percent to $9.1 million.
The results for the quarter also benefited from the large seasonal loan growth that the company had recorded in the third quarter.
Shares of the Greenville, South Carolina-based company company, which have risen about 50 percent in the last three months, closed at $34.45 on Nasdaq Wednesday. (Reporting by Sweta Singh; Editing by Anil D'Silva)
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