Encore Capital Group (ECPG) Reports Q1 Loss Per Share of $0.19

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Go back to Encore Capital Group (ECPG) Reports Q1 Loss Per Share of $0.19

Encore Capital Group Announces First Quarter 2020 Financial Results

May 11, 2020 4:06 PM EDT

GAAP loss of $(0.33) per share and non-GAAP Economic loss of $(0.19) per share includes $2.77 per share negative impact of COVID-19-related collections forecast revisionsRecord global cash collections of $527 millionGlobal revenues of $289 million are net of a $109 million non-cash charge due to COVID-19-related collections forecast revisions

SAN DIEGO, May 11, 2020 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the first quarter ended March 31, 2020.

The first quarter was an... More