Sun, Oct 26, 2014, 5:56 AM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Lender Processing Services, Inc. Message Board

  • adspatz adspatz Oct 22, 2013 10:58 AM Flag

    Lender Processing Services revenue drops 16%

    Search for "SEC Live Filings Digest" to find out more.
    Lender Processing Services, Inc. (LPS) made its earnings announcement for the third quarter, reporting a 16% drop in revenue. The company, a provider of technology and data services to the real estate and mortgage industries, reported quarterly revenue of $419.0M, down 15.8% from the $497.5M reported a year earlier. Earnings were down as well, from $58.3M and $0.69 per share in the year-ago quarter to $35.5M and $0.41 per share. Earlier this year, LPS entered a merger agreement under which Fidelity National Financial would acquire the company. Regarding the company’s performance, president and CEO Hugh Harris commented that LPS recently signed a five year contract with a major client and that it is adjusting to market changes.


Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.