SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported second-quarter net income of $32.2 million.
The San Diego-based company said it had profit of $1.34 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The provider of debt-management and recovery services posted revenue of $355.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $344.2 million.
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