SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported third-quarter earnings of $19.3 million.
On a per-share basis, the San Diego-based company said it had profit of 79 cents.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The provider of debt-management and recovery services posted revenue of $309.6 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $332.4 million.
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