Altisource Portfolio Solutions (ASPS) Misses Q2 EPS by 1c

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Go back to Altisource Portfolio Solutions (ASPS) Misses Q2 EPS by 1c

Altisource Announces Second Quarter Financial Results

August 9, 2017 7:01 AM EDT

LUXEMBOURG, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (Altisource or the Company) (NASDAQ: ASPS) today reported financial results for the second quarter of 2017, reporting sequential growth in service revenue, net income and earnings per share.  Compared to the first quarter of 2017, Altisources service revenue grew by 4% to $238.1 million, net income attributable to Altisource grew by 38% to $9.0 million and diluted earnings per share grew by 41% to $0.48.  Further, adjusted net income attributable to Altisource(1) of $16.5 million and adjusted diluted earnings per share(1) of $0.88 increased from the first quarter of 2017 by 25% and 28%, respectively.

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