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PRA Group: Q2 Earnings Snapshot
By AP News - Aug 06, 2024, 10:58 AM ET
Last Updated - Aug 06, 2024, 10:58 AM EDT
NORFOLK, Va. (AP) — NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Monday reported second-quarter profit of $21.5 million.
On a per-share basis, the Norfolk, Virginia-based company said it had net income of 54 cents.
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The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The debt collector posted revenue of $284.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $245 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRAA at https://www.zacks.com/ap/PRAA
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