PRA Group Inc. Reports 27% Decline In Q2 Bottom Line

(RTTNews) - PRA Group Inc. (PRAA) reported earnings for second quarter that lost ground from last year.

The company said its profit totaled $38.33 million, or $0.83 per share. This was lower than $52.24 million, or $1.08 per share, in last year's second quarter.

Analysts had expected the company to earn $0.83 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.0% to $230.03 million. This was down from $237.20 million last year.

PRA Group Inc. earnings at a glance:

-Earnings (Q2): $38.33 Mln. vs. $52.24 Mln. last year. -Earnings Decline (Y-o-Y): -26.6% -EPS (Q2): $0.83 vs. $1.08 last year. -EPS Decline (Y-o-Y): -23.1% -Analysts Estimate: $0.83 -Revenue (Q2): $230.03 Mln vs. $237.20 Mln last year. -Revenue Change (Y-o-Y): -3.0%