Altisource Announces Third Quarter 2019 Financial Results

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Altisource Portfolio Solutions (ASPS) Misses Q3 EPS by 13c, Revenues Miss

October 24, 2019 7:15 AM EDT

Altisource Portfolio Solutions (NASDAQ: ASPS) reported Q3 EPS of $0.25, $0.13 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $133.78 million versus the consensus estimate of $148.5 million.

Service revenue of $133.8 millionIncome from operations of $18.2 million and adjusted operating income(1) of $7.8 millionIncome before income taxes and non-controlling interests of $13.0 million and... More