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Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- ECPG shares rose 11.2% after strong first-quarter earnings report on May 8, 2024. - Improvement in U.S. portfolio supply and collections boosted results, but weak growth in U.K. and Europe. - Total debt purchasing revenue improved by 6% year over year. - ECPG expects portfolio purchasing to surpass $1.1 billion in 2024 guidance. - ECPG's interest expenses increased 19.1% year over year to $55.8 million. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- ECPG shares rose 11.2% after strong first-quarter earnings report on May 8, 2024.
- Improvement in U.S. portfolio supply and collections boosted results, but weak growth in U.K. and Europe.
- Total debt purchasing revenue improved by 6% year over year.
- ECPG expects portfolio purchasing to surpass $1.1 billion in 2024 guidance.
- ECPG's interest expenses increased 19.1% year over year to $55.8 million.
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