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

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

Altisource Announces Second Quarter Results; Strong Progress on Strategic Initiatives

July 21, 2016 8:16 AM EDT

LUXEMBOURG, July 21, 2016 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (Altisource) (NASDAQ: ASPS) today reported financial results for the second quarter of 2016, generating strong cash flows from operations and service revenue growth.  Compared to the first quarter of 2016, service revenue growth was driven by an increase in the number of non-Ocwen and Ocwen homes sold on Hubzu® and a higher volume of property preservation referrals.  Compared to the second quarter of 2015, service revenue growth was driven by a higher volume of property preservation referrals, growth in the percentage of homes sold... More