Altisource Residential (RESI) Tops Q1 EPS by 2c

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Go back to Altisource Residential (RESI) Tops Q1 EPS by 2c

Altisource Residential Corporation Reports First Quarter 2014 Results

April 29, 2014 7:45 AM EDT

FREDERIKSTED, U.S. Virgin Islands, April 29, 2014 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the "Company") (NYSE: RESI) announced today financial and operating results for the first quarter of 2014. Net income for the first quarter of 2014 totaled $41.9 million, or $0.77 per diluted share,1compared to a net loss of $984,000, or 0.13 per share,2for the first quarter of 2013.   

Residential also reported estimated taxable income of $25.8 million for the first quarter of 2014 versus a taxable loss of $1.8 million for the first quarter of 2013. The Company's estimated taxable income of $25.8 million for the first quarter of 2014 also... More