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SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported a fourth-quarter loss of $73.1 million, after reporting a profit in the same period a year earlier.
The San Diego-based company said it had a loss of $3.11 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The provider of debt-management and recovery services posted revenue of $234 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $319.8 million.
For the year, the company reported profit of $194.6 million, or $7.46 per share. Revenue was reported as $1.4 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ECPG">Zacks stock report on ECPG at https://www.zacks.com/ap/ECPG