Altisource (ASPS) posted an increase in its first-quarter net income attributable to the company to $25.23 million or $1.02 per share from $14.82 million or $0.57 per share a year earlier. On average, 2 analysts polled by Thomson Reuters expected earnings per share of $0.81 for the quarter. Analysts' estimates typically exclude one-time items.
Service revenue was $108.5 million for the three months, a 51% increase compared with $71.73 million last year. The year-over-year growth in net income and service revenue is mainly from the increase in Ocwen's residential loan servicing portfolio, impacting the Mortgage Services and Technology Services segments, coupled with the ongoing expansion of mortgage and real estate portfolio management services within the Mortgage Services segment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.