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Stock impact report

PRA Group Reports Second Quarter 2019 Results

PRA Group, Inc. (PRAA) 
Last pra group, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.pragroup.com/investors
Company Research Source: PR Newswire
NORFOLK, Va., Aug. 8, 2019 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2019.  Net income attributable to PRA Group, Inc. was $18.6 million compared to $19.6 million in the second quarter of 2018. Diluted earnings per share were $0.41 compared to $0.43 in the second quarter of 2018.  For the six months ended June 30, 2019, net income attributable to PRA Group, Inc. was $33.8 million, or diluted earnings per share of $0.74, compared to $40.7 million, or diluted earnings per share of $0.90, during the same period in 2018.  Second Quarter HighlightsRecord global cash collections of $470.3 million increased 16%, or 18% on a currency adjusted basis, compared to the second quarter of 2018. This growth was primarily driven by a 39% increase in U.S. legal cash collections and a 12% increase in U.S. call center and other cash collections. Record Estimated Remaining Show less Read more
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