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Ocwen: 1Q Earnings Snapshot

May 8, 2020 GMT

WEST PALM BEACH, Fla. (AP) _ Ocwen Financial Corporation (OCN) on Friday reported a loss of $25.5 million in its first quarter.

The West Palm Beach, Florida-based company said it had a loss of 19 cents per share.

The mortgage servicer posted revenue of $253.8 million in the period.

The company’s shares closed at 40 cents. A year ago, they were trading at $1.89.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCN at https://www.zacks.com/ap/OCN