Encore Capital Group: Q2 Earnings Snapshot
SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported second-quarter net income of $26.3 million.
The San Diego-based company said it had profit of $1.08 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The provider of debt-management and recovery services posted revenue of $323 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $326.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ECPG at https://www.zacks.com/ap/ECPG
