Altisource Announces Second Quarter 2019 Financial Results

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Go back to Altisource Announces Second Quarter 2019 Financial Results

Altisource Portfolio Solutions (ASPS) Misses Q2 EPS by 20c, Revenues Beat

July 25, 2019 6:58 AM EDT

Altisource Portfolio Solutions (NASDAQ: ASPS) reported Q2 EPS of $0.36, $0.20 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $196.54 million versus the consensus estimate of $170.3 million.

Second Quarter 2019

Service revenue of $190.5 millionIncome from operations of $6.1 million and adjusted operating income(1) of $16.2 millionIncome before income taxes and non-controlling interests of $11.9 million and adjusted pre-tax income attributable to Altisource(1) of $8.9... More