Altisource Portfolio Solutions (ASPS) Tops Q2 EPS Views; Acquires CastleLine Holdings

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Go back to Altisource Portfolio Solutions (ASPS) Tops Q2 EPS Views; Acquires CastleLine Holdings

Altisource Announces Strong Second Quarter Results

July 23, 2015 7:22 AM EDT

LUXEMBOURG, July 23, 2015 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS) today reported strong sequential quarter growth of service revenue, net income attributable to shareholders and diluted earnings per share.

Second Quarter 2015 Results Compared to First Quarter 2015 and Second Quarter 2014:

Service revenue of $236.6 million, a 14% increase compared to the first quarter 2015 and a 10% decrease compared to the second quarter 2014 Net income attributable to Altisource of $46.0 million compared to $3.7 million in the first quarter 2015 and $54.1 million in the second quarter 2014 Adjusted net income attributable to Altisource(1)... More

Altisource Strengthens Offerings in Originations and Mortgage Servicing With Acquisition of CastleLine

July 23, 2015 7:22 AM EDT

Fintech Leader Acquires Specialty Risk Management and Insurance Services Firm

LUXEMBOURG, July 23, 2015 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. ("Altisource") (NASDAQ: ASPS), a leading provider of mortgage, financial and technology services for the real estate industry, today announced the acquisition of CastleLine Holdings, LLC... More