PRA Group Inc. Q1 Profit Falls

(RTTNews) - PRA Group Inc. (PRAA) announced earnings for first quarter that decreased from last year.

The company's earnings totaled $15.23 million, or $0.34 per share. This compares with $21.11 million, or $0.47 per share, in last year's first quarter.

Analysts had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.7% to $245.88 million from $224.11 million last year.

PRA Group Inc. earnings at a glance:

-Earnings (Q1): $15.23 Mln. vs. $21.11 Mln. last year. -EPS (Q1): $0.34 vs. $0.47 last year. -Analysts Estimate: $0.33 -Revenue (Q1): $245.88 Mln vs. $224.11 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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