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0.00242047026279392 0.00311203319502074 -0.00034578146611347 0.00138312586445364 -0.000691562932226818 -0.0318118948824344 -0.0318118948824344 -0.0330221300138313
Stock impact report

Why PRA Group Stock Is Moving Higher Today [Yahoo! Finance]

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: Yahoo! Finance
Shares of PRA Group (NASDAQ: PRAA) soared 25% at the open Friday after the company reported better-than-expected results and said it sees further opportunities up ahead. A business reboot is beginning to pay off PRA is in the business of acquiring and collecting nonperforming loans, doing business both in the United States and Europe. When a loan goes south, a lender will often be willing to sell it for pennies on the dollar, creating an opportunity for a company like PRA that is willing to do the legwork to get the borrower back on schedule. PRA lost $0.22 per share in the fourth quarter on revenue of $221.42 million, coming in ahead of Wall Street expectations for a $0.37 per share loss on sales of $208 million. The company purchased $1.2 billion worth of loans in 2023, up 36%, with its U.S. business up 84%. The company has been working to revamp its U.S. business, and CEO Vikram Atal said in a statement that work is starting to pay off. "We delivered strong performance in o Show less Read more
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