In a story Aug. 10 about PRA Group Inc.'s earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press erroneously reported the company's name.
A corrected version of the story is below:
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PRA Group posts 2Q profit
PRA Group posts 2Q profit, results miss Wall Street forecasts
NORFOLK, Va. (AP) — PRA Group Inc. (PRAA) on Monday reported second-quarter net income of $51.4 million.
On a per-share basis, the Norfolk, Virginia-based company said it had net income of $1.06.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The debt collector posted revenue of $237.2 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $247.8 million.
PRA Group shares have increased 10 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $63.97, a rise of 12 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRAA at http://www.zacks.com/ap/PRAA