=PRA Group (PRAA) reported earnings on Tue 8 Aug 2017 (a/h)

PRA Group misses by $0.24, misses on revs

• Reports Q2 (Jun) earnings of $0.25 per share, $0.24 worse than the Capital IQ Consensus of $0.49; revenues fell 12.3% year/year to $200.3 mln vs the $208.97 mln Capital IQ Consensus.
• Reports estimated remaining collections of $5.3 billion consistent with the prior year quarter and an increase of $181 million since 1Q17.
• Reports cash collections of $374.7 million versus $387.2 million in the prior year quarter.
• PRAA invested $295.6 million in new finance receivables in Q2.