Altisource reports Q2 adjusted EPS 19c vs ($1.67) last year

Reports Q2 revenue $43.288M vs $39.121M last year. “We are pleased with our second quarter performance. In a close to historically low delinquency environment, we grew Service revenue, Adjusted EBITDA, pre- and post-tax GAAP earnings and GAAP earnings per share compared to the second quarter of last year. This is largely from our focus on growing our businesses that have tailwinds, cost discipline, lower interest expense and the reversal of certain tax reserves related to our India operations,” said Chairman and Chief Executive Officer William B. Shepro.