PRA Group: 3Q Earnings Snapshot
NORFOLK, Va. (AP) _ PRA Group Inc. (PRAA) on Thursday reported third-quarter earnings of $9.9 million.
On a per-share basis, the Norfolk, Virginia-based company said it had profit of 22 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The debt collector posted revenue of $225.9 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $223.5 million.
PRA Group shares have dropped 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.80, a rise of 14 percent in the last 12 months.