PRA Group Inc. Announces 66% Fall In Q3 Earnings

(RTTNews) - PRA Group Inc. (PRAA) reported a profit for third quarter that dropped from last year.

The company said its profit dropped to $17.40 million, or $0.36 per share. This was lower than $51.17 million, or $1.01 per share, in last year's third quarter.

The company said revenue for the quarter fell 4.0% to $229.43 million. This was down from $238.97 million last year.

PRA Group Inc. earnings at a glance:

-Earnings (Q3): $17.40 Mln. vs. $51.17 Mln. last year. -Earnings Decline (Y-o-Y): -66.0% -EPS (Q3): $0.36 vs. $1.01 last year. -EPS Decline (Y-o-Y): -64.4% -Revenue (Q3): $229.43 Mln vs. $238.97 Mln last year. -Revenue Change (Y-o-Y): -4.0%