Altisource Portfolio Solutions (ASPS) Misses Q1 EPS by 3c
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Altisource Announces First Quarter Financial Results
April 26, 2018 7:17 AM EDTLUXEMBOURG, April 26, 2018 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (Altisource or the Company) (NASDAQ: ASPS) today reported financial results for the first quarter 2018.
First quarter service revenue of $188.8 million represents 22% of the midpoint of the Companys 2018 service revenue scenarios. First quarter service revenue was lower than first quarter 2017 service revenue of $229.8 million primarily from the normal runoff of the Ocwen Financial Corporation (Ocwen) servicing portfolio and RESIs smaller portfolio of non-performing loans and REO. These declines were partially offset by non-Ocwen service revenue growth in the field services, Hubzu®,... More
