Raymond James Downgrades PRA Group (PRAA) to Outperform
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PRA Group Reports First Quarter 2016 Results
May 9, 2016 4:07 PM EDTNORFOLK, Va., May 09, 2016 (GLOBE NEWSWIRE) -- PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the first quarter of 2016. The company reported diluted earnings per share of $0.69 versus $1.19 in the first quarter of 2015. Non-GAAP diluted earnings per share of $0.85 for the first quarter of 2016 compared to $1.22 for the year-ago quarter. Non-GAAP financial results are presented in constant currency with the first quarter of 2015 and exclude items unrelated to normal operations. A reconciliation of all non-GAAP financial measures to the most directly... More
