PRA Group Inc. Reveals Retreat In Q1 Bottom Line

(RTTNews) - PRA Group Inc. (PRAA) reported a profit for first quarter that declined from the same period last year.

The company's bottom line totaled $21.11 million, or $0.47 per share. This compares with $48.17 million, or $1.03 per share, in last year's first quarter.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.0% to $223.18 million from $206.56 million last year.

PRA Group Inc. earnings at a glance:

-Earnings (Q1): $21.11 Mln. vs. $48.17 Mln. last year. -EPS (Q1): $0.47 vs. $1.03 last year. -Analysts Estimate: $0.35 -Revenue (Q1): $223.18 Mln vs. $206.56 Mln last year.