Altisource Residential (RESI) Misses Q4 EPS by 35c

Altisource Residential (NYSE: RESI) reported Q4 EPS of $0.22, $0.35 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $88.9 million versus the consensus estimate of $108.06 million.

"In the first quarter of 2015, we renegotiated Residential's management agreement with AAMC on favorable terms for Residential and made substantial progress on transferring servicing to new servicers," said President George Ellison. "I believe these are critically important achievements. Despite their negative impact on first quarter results, I believe they will lower our long-term cost of capital and put the Company on a strong foundation to return to growth. As a result, beginning in April we were able to strengthen our financial position by renewing and expanding our financing facilities."

For earnings history and earnings-related data on Altisource Residential (RESI) click here.

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