HORSHAM, PA – NCO Group Inc, one of the world’s biggest debt collectors, said on Wednesday it would restate financial results going back to 2000 due to a change in the way it records revenues from a long-term client.
The move would increase revenues in 2002 and beyond and reduce revenues for 2000 and 2001, it said.
NCO also said it posted fourth-quarter earnings of $6.8 million, or 26 cents per share. Analysts’ fourth-quarter consensus estimate was 29 cents, according to research firm Thomson First Call.
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For NCO Group’s complete press release, including financial data, please click here.
