Altisource Portfolio Solutions (ASPS) Misses Q1 EPS by 3c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. SAP
7. CSX
8. LRCX
9. MRK
10. LVS

Go back to Altisource Portfolio Solutions (ASPS) Misses Q1 EPS by 3c

Altisource Announces First Quarter Financial Results

April 26, 2018 7:17 AM EDT

LUXEMBOURG, 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