Ocwen Financial Q4 Profit Rises - Quick Facts

(RTTNews) - Ocwen Financial Corp. (OCN) reported that its fourth-quarter net income attributable to stockholders increased to $104.28 million or $0.74 per share, from $65.20 million or $0.47 per share, last year.

Pre-tax earnings on a GAAP basis for the fourth quarter of 2013 were $120.1 million, a 57% increase as compared to the fourth quarter of 2012. Ocwen's normalized pre-tax earnings for the fourth quarter of 2013 were $166.9 million, a 100% increase from the fourth quarter of 2012.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.80 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $555.95 million, up 135% from the fourth quarter of 2012. Analysts expected revenue of $559.65 million for the quarter.