Performant Financial Corp (NASDAQ:PFMT)’s shares declined -13.93%, and closed at $5.25, hitting new 52-week high of $10.97, during the last trading session, soon after the news release that the company reported the following financial results for its fourth quarter and full year ended December 31, 2014:

Fourth Quarter Financial Highlights:

• Incomes of $39.7 million, representing a year-over-year decrease of 33.8%
• Net loss of $2.4 million, resulting in a net loss per diluted share of $0.05, contrast to net income of $7.9 million, or $0.16 per diluted share, in the prior year period
• Adjusted EBITDA of $4.9 million, contrast to $19.4 million in the prior year period
• Adjusted net loss of $0.2 million, or $0.00 per diluted share, contrast to adjusted net income of $9.1 million and $0.18 per diluted share, respectively, in the prior year period

Full Year 2014 Financial Highlights

• Incomes of $195.4 million, representing a year-over-year decrease of 23.5%
• Net income of $9.4 million, resulting in net income per diluted share of $0.19, contrast to net income of $36.3 million, or $0.74 per diluted share, in the prior year period
• Adjusted EBITDA of $44.7 million, contrast to $89.4 million in the prior year period
• Adjusted net income of $15.3 million, or $0.31 per diluted share, contrast to $42.8 million and $0.87 per diluted share, respectively, in the prior year period.

Performant Financial Corporation, together with its subsidiaries, provides technology-enabled recovery and related analytics services in the United States. The company’s services assist identify and recover delinquent or defaulted assets and improper payments for government and private clients in various markets.

Pra Group Inc (NASDAQ:PRAA), dropped -6.65%, and closed at $50.09, hitting new 52-week high of $65.00, soon after a global leader in acquiring defaulted receivables, confirmed that it will declare its fourth quarter and full year 2014 results after market close on Monday, March 2, 2015, followed by a webcast and conference call at 4:30 p.m. ET.

By acquiring defaulted receivables, PRA Group returns capital to global banks and other creditors to assist expand financial services for consumers in North America and Europe. PRA Group companies collaborate with customers to create affordable, realistic debt repayment plans and provide a broad range of additional income and recovery services to business and government clients in the U.S. and the U.K.

Media General Inc(NYSE:MEG), declined -6.58%, and closed at $14.91, hitting new 52-week high of $23.75, soon after the news release that a multimedia company, reported results for its fourth quarter and full year ended December 31, 2014.

Explanation of GAAP Results:

The Company accomplished its merger with LIN Media on December 19, 2014. As a result, its fourth quarter and full year 2014 GAAP financial results reflect the operating results of the television stations owned or operated by LIN Media, and its digital operations only for the period from December 19, 2014 through December 31, 2014. They do not comprise LIN Media’s results from any period prior to December 19, 2014, nor do they reflect the operating results of any attained stations for the period prior to their attainment, but do comprise the results of divested stations prior to their divestiture.

Summary of Results for the Fourth Quarter 2014 based on GAAP Financial Information:

• Net incomes raised 97% to $217 million, contrast to $110 million in the prior year.

• Operating income was $39 million, contrast to $10 million in the prior year.

• Broadcast Cash Flow (BCF) raised 131% to $96 million, contrast to BCF of $42 million in the prior year; BCF margin was 45%, contrast to 38% in the prior year.

• Adjusted EBITDA raised 158% to $86 million, contrast to Adjusted EBITDA of $33 million in the prior year.

• The Company recognized pretax gains of $43 million upon the sale of WJAR-TV and WVTM-TV and recognized a gain of about $10 million from the sale of KRON-TV’s former studio building.

• Net earnings per diluted share was $0.29, contrast to net loss per diluted share of $0.07 in the prior year.

Media General, Inc. owns and operates broadcast television stations, and related Websites and mobile news applications in the United States. Its portfolio comprises 32 network-associated broadcast television stations, and their associated digital media and mobile platforms in 29 markets reaching about 17.2 million households.