PRA Group Inc. Q3 Profit Declines 55%

(RTTNews) - PRA Group Inc. (PRAA) released earnings for third quarter that dropped from last year.

The company said its earnings totaled $15.56 million, or $0.34 per share. This was lower than $34.31 million, or $0.74 per share, in last year's third quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.4% to $201.01 million. This was down from $221.98 million last year.

PRA Group Inc. earnings at a glance:

-Earnings (Q3): $15.56 Mln. vs. $34.31 Mln. last year. -Earnings Decline (Y-o-Y): -54.6% -EPS (Q3): $0.34 vs. $0.74 last year. -EPS Decline (Y-o-Y): -54.1% -Analysts Estimate: $0.28 -Revenue (Q3): $201.01 Mln vs. $221.98 Mln last year. -Revenue Change (Y-o-Y): -9.4%