NORFOLK, Va. (AP) — NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Thursday reported a loss of $8.8 million in its fourth quarter.
The Norfolk, Virginia-based company said it had a loss of 22 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The debt collector posted revenue of $221.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $210.3 million.
For the year, the company reported a loss of $83.5 million, or $2.13 per share. Revenue was reported as $802.6 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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