Altisource Portfolio Q1 2024 Adj EPS $(0.20) Beats $(0.39) Estimate, Sales $36.891M Beat $34.977M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altisource Portfolio (NASDAQ:ASPS) reported Q1 2024 adjusted EPS of $(0.20), surpassing the $(0.39) estimate, with sales of $36.891M exceeding the $34.977M forecast. This represents a slight 0.49% decrease in sales compared to the same period last year.
April 25, 2024 | 11:06 am
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Altisource Portfolio reported better-than-expected Q1 2024 earnings and sales, with a minor year-over-year sales decrease.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The slight year-over-year sales decrease is noted but is overshadowed by the positive earnings surprise.
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