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NORFOLK, Va. (AP) _ PRA Group Inc. (PRAA) on Thursday reported fourth-quarter earnings of $27.3 million.
On a per-share basis, the Norfolk, Virginia-based company said it had profit of 60 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The debt collector posted revenue of $269.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $252.2 million.
For the year, the company reported profit of $86.2 million, or $1.89 per share. Revenue was reported as $1.02 billion.
PRA Group shares have decreased slightly more than 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.72, an increase of nearly 9% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRAA at https://www.zacks.com/ap/PRAA
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