Altisource Portfolio Solutions (ASPS) Tops Q4 EPS Expectations

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Go back to Altisource Portfolio Solutions (ASPS) Tops Q4 EPS Expectations

Altisource Announces Preliminary Fourth Quarter and Full Year Financial Results

March 10, 2016 7:24 AM EST

LUXEMBOURG, March 10, 2016 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (Altisource) (NASDAQ: ASPS) today announces preliminary fourth quarter and full year 2015 results, capping off a year of strong financial performance with 2015 service revenue of $940.9 million, the best in the Companys history. 2015 service revenue growth in the asset management business along with the full year benefit of the 2014 Mortgage Builder acquisition offset lost revenue from the November 2014 discontinuation of the lender placed insurance brokerage business, the full amortization of Equator acquisition deferred revenue in November 2014 and fewer 2015 valuation referrals. The growth of the... More