NORFOLK, Va. (AP) — NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Monday reported first-quarter earnings of $3.5 million.
On a per-share basis, the Norfolk, Virginia-based company said it had net income of 9 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The debt collector posted revenue of $255.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $227.2 million.
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