PRA Group Sees Volume Growth but Still Takes a Financial Hit
PRA Group (NASDAQ: PRAA) has worked hard to try to grow its debt-collection business, and a prosperous U.S. economy has made that effort tougher than one might think. Yet even when activity levels pick up, that doesn't automatically mean PRA Group sees a positive impact on its financial statements.
Coming into Tuesday's second-quarter financial report, PRA Group investors were ready for falling sales and profits from the debt collection specialist. Yet PRA Group's results were a bit weaker even than those expectations, and the company's solid performance in finding opportunities for future growth weren't able to produce immediate results. Let's look more closely at PRA Group and what its latest report says about what's coming down the road.
Image source: PRA Group.
Source: Fool.com
