PRA Group (PRAA) Misses Q2 EPS by 9c
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PRA Group Reports Second Quarter 2015 Results
August 10, 2015 4:05 PM EDTNORFOLK, Va., Aug. 10, 2015 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring non-performing loans, today reported its financial results for the second quarter of 2015.
Second Quarter Highlights
Cash collections of $389.6 million, up 22% from the second quarter of 2014. Revenues of $237.2 million, up 20%. Income from operations of $88.9 million, up 23%. The second quarter of 2014 included costs and foreign exchange currency losses associated with the Aktiv Kapital acquisition. Excluding these costs in the second quarter of 2014, income from operations would have increased 16%. Net income of $51.4 million, up 37%.... MorePRA Group Reports Second Quarter 2015 Results
August 10, 2015 4:05 PM EDTNORFOLK, Va., Aug. 10, 2015 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring non-performing loans, today reported its financial results for the second quarter of 2015.
Second Quarter Highlights
Cash collections of $389.6 million, up 22% from the second quarter of 2014. Revenues of $237.2 million, up 20%. Income from operations of $88.9 million, up 23%. The second quarter of 2014 included costs and foreign exchange currency losses associated with the Aktiv Kapital acquisition. Excluding these costs in the second quarter of 2014, income from operations would have increased 16%. Net income of $51.4 million, up 37%.... MorePRA Group Appoints Kevin Stevenson as President
August 10, 2015 4:00 PM EDTNORFOLK, Va., Aug. 10, 2015 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring non-performing loans, today announced several organizational changes to maximize its competitive advantages of people, data, analytics, and results.
Kevin Stevenson Appointed President
Effective immediately, Kevin Stevenson, formerly executive vice president, chief financial and administrative officer, treasurer and assistant secretary, will assume the role of president, PRA Group, and will join the company's board of directors. In his new role as president, Stevenson will assume the additional responsibility of the operations in the... More
PRA Group Appoints Kevin Stevenson as President
August 10, 2015 4:00 PM EDTNORFOLK, Va., Aug. 10, 2015 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring non-performing loans, today announced several organizational changes to maximize its competitive advantages of people, data, analytics, and results.
Kevin Stevenson Appointed President
Effective immediately, Kevin Stevenson, formerly executive vice president, chief financial and administrative officer, treasurer and assistant secretary, will assume the role of president, PRA Group, and will join the company's board of directors. In his new role as president, Stevenson will assume the additional responsibility of the operations in the... More
