Ocwen Financial Announces Strong Results for the Fourth Quarter
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Ocwen Financial (OCN) Tops Q4 EPS by 23c, Revenues Beat
February 26, 2020 6:46 AM ESTOcwen Financial (NYSE: OCN) reported Q4 EPS of $0.26, $0.23 better than the analyst estimate of $0.03. Revenue for the quarter came in at $261.17 million versus the consensus estimate of $256.2 million.
Achieved Net Income of $34.9 million for the fourth quarter of 2019Increasing 2020 volume target for lending and flow channels to $15 - 20 billion reflecting continued strong growth and business momentum across originations platformExpense savings from cost re-engineering initiatives were significantly ahead of expectations through the fourth quarterEnded the... More