Altisource Portfolio Q2 EPS $(0.68) Misses $(0.55) Estimate, Sales $33.17M Miss $39.76M Estimate
Portfolio Pulse from Bill Haddad
Altisource Portfolio (NASDAQ:ASPS) reported Q2 losses of $(0.68) per share, missing the analyst consensus estimate of $(0.55) by 23.64%. The company also reported quarterly sales of $33.17 million, missing the analyst consensus estimate of $39.76 million by 16.57%. This represents a 2.86% increase in losses and an 11.86% decrease in sales compared to the same period last year.
July 27, 2023 | 11:38 am
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Altisource Portfolio's Q2 earnings and sales missed analyst estimates, indicating potential financial instability.
Altisource Portfolio's Q2 earnings and sales missed analyst estimates by significant margins. This could indicate financial instability and may negatively impact investor sentiment, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100