Altisource Portfolio Solutions (ASPS) Tops Q1 EPS by 16c

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Go back to Altisource Portfolio Solutions (ASPS) Tops Q1 EPS by 16c

Altisource Announces First Quarter Results

April 23, 2015 8:03 AM EDT

LUXEMBOURG, April 23, 2015 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource") (Nasdaq: ASPS) today reported financial results for the first quarter 2015.

First Quarter 2015 Results Compared to First Quarter 2014:

Service revenue of $207.8 million, a 1% decrease Net income attributable to Altisource of $3.7 million, a 91% decrease Adjusted net income attributable to Altisource(1) of $11.8 million, a 76% decrease Diluted earnings per share of $0.18, an 89% decrease Adjusted diluted earnings per share(1) of $0.56, a 72% decrease

"I am pleased with our first quarter accomplishments. Not only are we executing on... More