Altisource Residential (RESI) Misses Q2 EPS by 1c
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Altisource Residential Corporation Reports Second Quarter 2015 Results
August 10, 2015 7:00 AM EDTCHRISTIANSTED, U.S. Virgin Islands, Aug. 10, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential or the Company) (NYSE: RESI) today announced financial and operating results for the second quarter of 2015.Â
Second Quarter 2015 Highlights:
Estimated taxable income for the second quarter of 2015 increased by 42% to $37.7 million, from $26.5 million for the second quarter of 2014.Declared and paid a $0.55 per share dividend.Agreed to purchase up to 1,325 single-family rental homes from Invitation Homes for an aggregate purchase price of $112.6 million. Transaction expected to close in August 2015.Completed a third... More