In a sign of continued weakness in residential and commerical consutruction, commercial broker CB Richard Ellis and home builder Centex reported weak results. CBRE earnings fell 88% on revenue decline of 15.4%. Centex revenue fell 41% and loss widened to $150 million in the first quarter. Industrial products maker General Cable Corporation revenue rose 42%, largely on acquisitions and net income incresed 17% to $75.6 million or $1.37 a share.
Portfolio Recovery Associates, Inc (PRAA) in the last one year traded as high as $58.28 in August 2007 and as low as $27.43 in January 2008. Based on the yesterday’s closing price the company has a market cap of $641.34 million.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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