PRA Group (PRAA) Reports In-Line Q2 EPS, Revenues Miss

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Go back to PRA Group (PRAA) Reports In-Line Q2 EPS, Revenues Miss

PRA Group Reports Second Quarter 2018 Results

August 7, 2018 4:05 PM EDT

NORFOLK, Va., Aug. 7, 2018 /PRNewswire/ -- PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2018.  The Company reported net income attributable to PRA Group, Inc. of $19.6 million compared to $11.7 million in the second quarter of 2017.  Diluted earnings per share were $0.43 compared to $0.25 in the second quarter of 2017.  

Second Quarter Highlights

Global cash collections of $406.6 million, an increase of 9% compared to the second quarter of 2017, driven by operational efforts and increased portfolio... More