Encore Capital Reports Broad Gains in Second Quarter

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Encore Capital Reports Broad Gains in Second Quarter
Bad debt buyer Encore Capital Group said Monday that it posted net income of $7.3 million in the second quarter of 2008 compared to a loss in the same quarter of 2007. Revenue, cash collections and debt purchasing activity all increased in the quarter. San Diego-based Encore (Nasdaq: ECPG) said that net income for the second quarter amounted to $0.31 per share compared to a loss of $0.04 per sha
 
Topic: Collections Industry