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Performant Financial almost doubles on student loan recovery contract [Seeking Alpha]

PERFORMANT FINANCIAL (PFMT)  More Company Research Source: Seeking Alpha
Last performant financial earnings: 8/9 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.performantcorp.com/node/5806
PDF Performant Financial almost doubles on student loan recovery contractPerformant FinancialPFMT has been awarded a new contract of the amount not exceeding $400M by the U. S. Department of Education to provide debt collection services on defaulted federal student loans.“While the contract start date is January 11, 2018, we have not yet received information on the timing of new defaulted loan placements and we do not expect to recognize meaningful revenue until nine to ten months after placements begin. In the short term, we can expect to incur additional expenses as we prepare to reinitiate service to the Department of Education under this new contract award,” said Lisa Im, CFO.Shares+94.3% PM.Click to subscribe to real-time analytics on PFMTNow read:De La Rue (DLUEY) Presents At 21st Oddo BHF Forum - Slideshow » [Read more]

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