Ocwen Financial (OCN) Tops Q1 EPS by 14c
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Ocwen Financial Announces Preliminary Operating Results for First Quarter 2015
April 30, 2015 4:32 PM EDTATLANTA, April 30, 2015 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation, (NYSE: OCN) ("Ocwen" or the "Company"), a leading financial services holding company, today reported preliminary net income of $34.4 million, or $0.27 per share, for the three months ended March 31, 2015 compared to net income of $60.5 million, or $0.43 per share, for the three months ended March 31, 2014. Ocwen generated preliminary revenue of $510.4 million, down 7% compared to the first quarter of the prior year. Preliminary income from operations was $132.1 million for the three months ended March 31, 2015 compared to $202.1 million for the first quarter of 2014. Preliminary Cash... More
