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Ocwen: 1Q Earnings Snapshot

WEST PALM BEACH, Fla. (AP) _ Ocwen Financial Corporation (OCN) on Wednesday reported first-quarter net income of $2.5 million, after reporting a loss in the same period a year earlier.

The West Palm Beach, Florida-based company said it had net income of 2 cents per share.

The mortgage servicer posted revenue of $260.3 million in the period.

The company's shares closed at $4.14. A year ago, they were trading at $3.10.


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