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Portfolio Recovery Surpasses
Portfolio Recovery Associates Inc. (NASDAQ:PRAA) reported its third-quarter income from continuing operations of $18.5 million or $1.08 per share, surpassing the Zacks Consensus Estimate of $1.05. The strong earnings were primarily driven by higher-than-expected top-line growth attributable to continuous improvement in core call center and legal collections. Moreover, investments in bankruptcy portfolios continued to mature, [...]
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