Altisource Portfolio Q3 2024 Adj. EPS $(0.23) Beats $(0.24) Estimate, Sales $38.150M Miss $45.776M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altisource Portfolio (NASDAQ:ASPS) reported a Q3 2024 adjusted EPS of $(0.23), beating the estimate of $(0.24). However, sales were $38.150M, missing the $45.776M estimate but showing an 11.84% increase from last year.
October 24, 2024 | 11:13 am
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Altisource Portfolio's Q3 2024 adjusted EPS of $(0.23) beat expectations, but sales of $38.150M missed estimates. Sales increased 11.84% YoY.
The EPS beat suggests better cost management or efficiency, which is positive. However, the sales miss indicates potential challenges in revenue generation. The YoY sales increase is a positive sign, but the miss against estimates tempers enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100