Ocwen Financial Announces Operating Results for Second Quarter 2019
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Ocwen Financial (OCN) Misses Q2 EPS by 31c, Revenues Miss
August 6, 2019 6:51 AM EDTOcwen Financial (NYSE: OCN) reported Q2 EPS of ($0.67), $0.31 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $274.34 million versus the consensus estimate of $295.5 million.
Reported a Net Loss of $89.7 million which was impacted by significant pre-tax items: $40.7 million of unfavorable interest rate and valuation assumption driven fair value changes and... More