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World Acceptance shares fall 19% after company releases earnings

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World Acceptance shares fall 19% after company releases earnings

Shares of consumer lender World Acceptance Corp. slid about 19% in intraday trading Jan. 26, the same day the company released its fiscal third-quarter earnings.

Quarterly net income fell 34.6% year over year, the company said. Fiscal third-quarter net income was $9.6 million, or $1.10 per share, compared with $14.8 million, or $1.70 per share, in the year-ago period.

The company's shares were down 18.79% at $49.09 as of 2:24 p.m. ET.