Company’s narrower loss beats analysts’ expectations
- PRA Group shares rise 14% after reporting narrower-than-expected 4Q loss
- Quarterly loss of $8.8 million, or 22 cents a share
- Analysts were expecting a loss of $14.4 million, or 37 cents a share
- Revenue for the quarter was $221.4 million
- Total portfolio purchases for the quarter were $284.9 million
- Total cash collections of $410.3 million
PRA Group shares surged 14% to $28.01 following the release of their fourth-quarter financial results. The company reported a narrower loss of $8.8 million, or 22 cents a share, compared to analysts’ expectations of a loss of $14.4 million, or 37 cents a share. Revenue for the quarter came in at $221.4 million, slightly lower than the previous year’s $222.9 million but higher than the $208.3 million forecasted by analysts. PRA Group also announced total portfolio purchases of $284.9 million and total cash collections of $410.3 million.
Factuality Level: 9
Factuality Justification: The article provides specific financial figures and compares them to analysts’ expectations, indicating a high level of factuality.
Noise Level: 8
Noise Justification: The article provides relevant information about PRA Group’s fourth-quarter performance, including its narrower loss compared to analysts’ expectations. It also includes details about revenue, portfolio purchases, and cash collections. However, it lacks analysis, context, and actionable insights. The article is focused on reporting financial figures without delving into long-term trends, antifragility, or accountability. It also lacks scientific rigor and intellectual honesty as it does not provide evidence or data to support its claims.
Financial Relevance: Yes
Financial Markets Impacted: PRA Group shares
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses PRA Group’s fourth-quarter financial results, including their narrower loss compared to analysts’ expectations.
Public Companies: PRA Group (PRA)
Key People:
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