Ocwen Financial Announces Preliminary Operating Results for Fiscal Year 2014
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Ocwen Financial (OCN) Issues Prelim. 2014 Results; Sees Profitability in 2015
April 14, 2015 7:32 AM EDTOcwen Financial (NYSE: OCN) reported a preliminary net loss of $(546.0) million, or $(4.18) per share, for the year ended December 31, 2014 compared to net income of $310.4 million, or $2.13 per share, for the year ended December 31, 2013. Ocwen generated preliminary revenue of $2.1 billion, up 4% compared to $2.0 billion in the prior year. Preliminary income from operations was $76.1 million for the year ended December 31, 2014.
*** The Street sees FY14 EPS of $0.92 and revenue of $2.12 billion.
Preliminary pre-tax loss for 2014 was $(443.2) million, compared to $352.5 million pre-tax income in 2013. Preliminary pre-tax income on a normalized basis for 2014 was $284.9 million, compared to the $550.4 million... More
