Altisource Announces First Quarter 2019 Financial Results
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Altisource Portfolio Solutions (ASPS) Reports Q1 EPS of $0.48, Revenues Beat
April 25, 2019 6:55 AM EDTAltisource Portfolio Solutions (NASDAQ: ASPS) reported Q1 EPS of $0.48, versus $0.48 reported last year. Revenue for the quarter came in at $169.94 million versus the consensus estimate of $158.5 million.
Service revenue of $165.0 millionIncome from operations of $0.2 million and adjusted operating income(1) of $18.1 millionLoss before income taxes and non-controlling interests of $(4.0) million and adjusted pre-tax income attributable to Altisource(1) of $11.3 millionNet loss attributable to Altisource of $(3.2) million, or $(0.20) per diluted share, and adjusted net income attributable to Altisource(1) of $8.0 million, or $0.48 per... More