PRA Group Inc. Profit Drops 34% In Q1

(RTTNews) - PRA Group Inc. (PRAA) announced earnings for first quarter that retreated compared to the same period last year.

The company said its bottom line totaled $39.50 million, or $0.85 per share. This was lower than $59.94 million, or $1.22 per share, in last year's first quarter.

The company said revenue for the quarter fell 8.3% to $224.88 million. This was down from $245.21 million last year.

PRA Group Inc. earnings at a glance:

-Earnings (Q1): $39.50 Mln. vs. $59.94 Mln. last year. -Earnings Decline (Y-o-Y): -34.1% -EPS (Q1): $0.85 vs. $1.22 last year. -EPS Decline (Y-o-Y): -30.3% -Revenue (Q1): $224.88 Mln vs. $245.21 Mln last year. -Revenue Change (Y-o-Y): -8.3%