Home Loan Servicing Solutions Q3 Profit Increases - Quick Facts

(RTTNews) - Home Loan Servicing Solutions Ltd. (HLSS) posted third-quarter net income of $49.21 million or $0.69 per share, up from $39.17 million or $0.55 per share in the previous year.

The company reported core earnings of $41.5 million or $0.58 per share, after adjusting for the increase in the fair value of its MSR assets of $7.7 million, or $0.11 per ordinary share.

Total revenue for the quarter grew to $97.29 million from $79.64 million in the previous year. Non-GAAP total revenue for the latest-quarter was $189.55 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.58 per share and revenues of $184.60 million for the quarter. Analysts' estimates typically exclude special items.

Additionally, the company's Board of Directors declared monthly dividends of $0.18 per ordinary share for October, November and December 2014.