Home Loan Servicing Solutions (HLSS) Tops Q2 EPS by 3c

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Go back to Home Loan Servicing Solutions (HLSS) Tops Q2 EPS by 3c

Home Loan Servicing Solutions, Ltd. Reports EPS of $0.76 and Net Income of $54.1 Million in the Second Quarter of 2014 and Declares Monthly Dividend of $0.16 Per Share

July 17, 2014 7:30 AM EDT

GEORGE TOWN, Grand Cayman, July 17, 2014 (GLOBE NEWSWIRE) -- Home Loan Servicing Solutions, Ltd. ("HLSS", "our", "we" or the "Company") (Nasdaq: HLSS) today reported net income of $54.1 million, or $0.76 per ordinary share, for the second quarter of 2014. Additionally, the Company's Board of Directors today declared monthly dividends of $0.16 per ordinary share for July, August and September 2014.

Second quarter business performance highlights:

Earned $41.4 million, or $0.58 per ordinary share, after adjusting for the increase in the fair value of our MSR assets of $12.7 million, or $0.18 per ordinary share. The increase in the annualized... More