Altisource Residential (RESI) Misses Q4 EPS by 35c

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Go back to Altisource Residential (RESI) Misses Q4 EPS by 35c

Altisource Residential Corporation Reports First Quarter 2015 Results

May 7, 2015 7:01 AM EDT

CHRISTIANSTED, U.S. Virgin Islands, May 7, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the "Company") (NYSE: RESI) today announced financial and operating results for the first quarter of 2015. Net income totaled $12.4 million, or $0.22 per diluted share, for the first quarter of 2015 compared to net income of $41.9 million, or $0.77 per diluted share, for the first quarter of 2014.

Residential also reported estimated taxable income of $21.7 million for the first quarter of 2015 compared to taxable income of $25.8 million for the first quarter of 2014.

2015 highlights to date:

Declared and paid... More