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Stock impact report

PRA Group Shares Plunge After Second-Quarter Results As Investors Head for the Doors [The Motley Fool]

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: The Motley Fool
PRA Group disappointed on the top and bottom lines during the quarter, but management remains optimistic about industry trends. Daniel Miller ( TMFTwoCoins ) Aug 9, 2017 at 8:28PM What happened Shares of PRA Group ( NASDAQ:PRAA ) , a global leader in acquiring and collecting nonperforming loans, closed nearly 14% lower Wednesday after the company released weaker-than-expected second-quarter results that sent some investors heading for the exits. So what There were a handful of business and financial highlights worth noting. Starting from the top, total revenue checked in at $200.3 million, a decline from the prior year's $228.5 million and also below analysts' estimates of $209.2 million. Net income took a more drastic plunge, dropping from $36.5 million during the prior year down to $11.7 million during the second quarter. That bottom-line resu Show less Read more
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