NORFOLK, Va. (AP) — NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Monday reported a loss of $12.3 million in its third quarter.
On a per-share basis, the Norfolk, Virginia-based company said it had a loss of 31 cents.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The debt collector posted revenue of $216.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $204.5 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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