Encore Capital Group: Q3 Earnings Snapshot
SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported third-quarter earnings of $30.6 million.
On a per-share basis, the San Diego-based company said it had net income of $1.26.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The provider of debt-management and recovery services posted revenue of $367.1 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $360.1 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