Encore Capital Group: Q4 Earnings Snapshot
SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported a loss of $270.8 million in its fourth quarter.
The San Diego-based company said it had a loss of $11.40 per share. Earnings, adjusted for non-recurring costs, came to $1.25 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The provider of debt-management and recovery services posted revenue of $277.4 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $330.8 million.
For the year, the company reported a loss of $206.5 million, or $8.72 per share. Revenue was reported as $1.22 billion.
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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
