Altisource Portfolio Q2 2024 Adj EPS $(0.21) Beats $(0.24) Estimate, Sales $36.863M Miss $39.367M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altisource Portfolio (NASDAQ:ASPS) reported Q2 2024 adjusted EPS of $(0.21), beating the estimate of $(0.24). However, sales of $36.863M missed the $39.367M estimate. EPS improved significantly from $(0.68) last year, while sales increased by 11.12% from $33.173M.
July 25, 2024 | 11:08 am
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NEUTRAL IMPACT
Altisource Portfolio's Q2 2024 adjusted EPS of $(0.21) beat estimates, showing a significant improvement from last year's $(0.68). However, sales of $36.863M missed expectations, which may cause mixed reactions in the market.
The better-than-expected EPS indicates improved profitability, which is positive. However, missing sales estimates could offset this positivity, leading to mixed market reactions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100