SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported fourth-quarter earnings of $76.7 million.
On a per-share basis, the San Diego-based company said it had profit of $3.37.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The provider of debt-management and recovery services posted revenue of $473.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $424.5 million.
For the year, the company reported profit of $256.8 million, or $10.91 per share. Revenue was reported as $1.77 billion.
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