PRA Group Posts Q3 Loss
(RTTNews) - PRA Group, Inc. (PRAA) Monday reported a third-quarter net loss of $407.7 million or $10.43 per share, compared to a net income of $27.2 million or $0.69 per share last year.
Adjusted net income attributable to PRA Group, Inc. of $20.9 million, or $0.53 per share.
Total revenues for the quarter were $311.1 million, compared to $281.5 million last year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.