NORFOLK, Va. (AP) — NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Monday reported third-quarter net income of $27.2 million.
The Norfolk, Virginia-based company said it had net income of 69 cents per share. Earnings, adjusted for pretax gains, came to 49 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The debt collector posted revenue of $281.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $264.5 million.
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