SAN DIEGO (AP) _ Encore Capital Group Inc. (ECPG) on Wednesday reported fourth-quarter earnings of $43.1 million.
On a per-share basis, the San Diego-based company said it had net income of $1.36. Earnings, adjusted for one-time gains and costs, came to $1.56 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The provider of debt-management and recovery services posted revenue of $347.8 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $349.1 million.
For the year, the company reported profit of $167.9 million, or $5.33 per share. Revenue was reported as $1.4 billion.
Encore Capital Group shares have decreased 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.91, a decline of roughly 8% in the last 12 months.