PRA Group Profit Falls 14%, Misses Estimate - Quick Facts

(RTTNews) - PRA Group (PRAA) Tuesday reported second-quarter net earnings of $37.5 million or $0.74 per share, compared with $43.6 million or $0.85 per share last year.

Excluding items, adjusted earnings for the quarter were $0.87 per share.

Revenue for the quarter was up 8% at $197 million, compared with $183 million in the prior year.

Analysts polled by Thomson Reuters projected earnings of $0.91 per share on revenue of $199.9 million for the quarter. Analysts' estimates typically exclude special items.

Norfolk, Virginia-based PRA Group is a company engaged in acquiring non-performing consumer debt.