Altisource Residential (RESI) Posts Q2 EPS of $1.18

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Go back to Altisource Residential (RESI) Posts Q2 EPS of $1.18

Altisource Residential Corporation Reports Second Quarter 2014 Results

July 22, 2014 7:30 AM EDT

FREDERIKSTED, U.S. Virgin Islands, July 22, 2014 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the "Company") (NYSE: RESI) announced today financial and operating results for the second quarter of 2014. Net income for the second quarter of 2014 totaled $67.8 million, or $1.18 per diluted share, compared to net income of $5.2 million, or $0.26 per diluted share, for the second quarter of 2013.

Net income for the six months ended June 30, 2014 totaled $109.7 million, or $1.97 per diluted share, compared to net income of $4.2 million, or $0.29 per diluted share, for the six months ended June 30, 2013.

Residential also reported estimated taxable... More