Altisource Portfolio Solutions (ASPS) Tops Q3 EPS by 14c

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Go back to Altisource Portfolio Solutions (ASPS) Tops Q3 EPS by 14c

Altisource Announces Third Quarter Financial Results

October 25, 2018 8:03 AM EDT

LUXEMBOURG, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (Altisource or the Company) (NASDAQ: ASPS) today reported financial results for the third quarter 2018, reporting service revenue of $196.9 million, operating income of $20.9 million, adjusted operating income(1) of $25.7 million, net income attributable to Altisource of $8.7 million, adjusted net income attributable to Altisource(1) of $12.2 million, diluted earnings per share of $0.49 and adjusted diluted earnings per share(1) of $0.69.  During the third quarter of 2018, Altisource launched Project Catalyst, a program to better align the Companys cost structure with anticipated revenue, and improve operating margins and... More