Altisource Portfolio Solutions (ASPS) Reports Q1 EPS of $0.34

Altisource Portfolio Solutions (NASDAQ: ASPS) reported Q1 EPS of $0.34, versus $0.92 reported last year. Revenue for the quarter came in at $229.84 million, versus $234.28 million reported last year.

“I’m pleased with our first quarter financial performance. Compared to the mid-point of our full year 2017 scenarios, first quarter 2017 service revenue is 27% of the mid-point and adjusted diluted earnings per share(1) is 24% of the mid-point. Since our second and third quarters are historically our seasonally strongest, we believe we’re positioned to achieve the mid-point of our 2017 service revenue and adjusted earnings per share financial scenarios,” said Chief Executive Officer William B. Shepro.

For earnings history and earnings-related data on Altisource Portfolio Solutions (ASPS) click here.

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