Altisource Residential (RESI) Misses Q3 EPS by 10c

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Go back to Altisource Residential (RESI) Misses Q3 EPS by 10c

Altisource Residential Corporation Reports Third Quarter 2014 Results

November 4, 2014 7:45 AM EST

FREDERIKSTED, U.S. Virgin Islands, Nov. 4, 2014 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential" or the "Company") (NYSE: RESI) announced today financial and operating results for the third quarter of 2014. Net income for the third quarter of 2014 totaled $37.7 million, or $0.66 per diluted share, compared to net income of $13.7 million, or $0.53 per diluted share, for the third quarter of 2013.

Net income for the nine months ended September 30, 2014 totaled $147.4 million, or $2.62 per diluted share, compared to net income of $18.0 million, or $0.98 per diluted share, for the nine months ended September 30, 2013.

Residential also reported estimated... More