PRA Group (PRAA) Tops Q1 EPS by 7c

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Go back to PRA Group (PRAA) Tops Q1 EPS by 7c

PRA Group Reports First Quarter 2015 Results

May 6, 2015 4:00 PM EDT

NORFOLK, Va., May 6, 2015 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring defaulted receivables, today reported its financial results for the first quarter of 2015.

First Quarter Highlights

Cash collections of $399.7 million, up 28% from the first quarter of 2014. Revenues of $245.2 million, up 26%. Income from operations of $96.2 million, up 34%. Net income of $58.1 million, up 42%. $1.19 diluted earnings per share, compared with $0.81 in the year-ago quarter, up 47%. 30.1% return on average equity, annualized. $212.9 million in investments.

"We are very... More

PRA Group Reports First Quarter 2015 Results

May 6, 2015 4:00 PM EDT

NORFOLK, Va., May 6, 2015 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring defaulted receivables, today reported its financial results for the first quarter of 2015.

First Quarter Highlights

Cash collections of $399.7 million, up 28% from the first quarter of 2014. Revenues of $245.2 million, up 26%. Income from operations of $96.2 million, up 34%. Net income of $58.1 million, up 42%. $1.19 diluted earnings per share, compared with $0.81 in the year-ago quarter, up 47%. 30.1% return on average equity, annualized. $212.9 million in investments.

"We are very... More