Altisource Announces Second Quarter Results; Strong Progress on Strategic Initiatives

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Go back to Altisource Announces Second Quarter Results; Strong Progress on Strategic Initiatives

Altisource Portfolio Solutions (ASPS) Misses Q2 EPS by 10c

July 21, 2016 8:20 AM EDT

Altisource Portfolio Solutions (NASDAQ: ASPS) reported Q2 EPS of $1.58, $0.10 worse than the analyst estimate of $1.68. Revenue for the quarter came in at $241.3 million versus the consensus estimate of $239.1 million.

Cash from operations of $40.4 million, a 39% increase compared to the first quarter 2016 and a 43%... More