SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported third-quarter earnings of $30.6 million.
On a per-share basis, the San Diego-based company said it had net income of $1.26.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The provider of debt-management and recovery services posted revenue of $367.1 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $360.1 million.
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