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Ocwen reports 4Q loss

WEST PALM BEACH, Fla. (AP) _ Ocwen Financial Corporation (OCN) on Wednesday reported a loss of $10.4 million in its fourth quarter.

The West Palm Beach, Florida-based company said it had a loss of 8 cents per share.

The mortgage servicer posted revenue of $323.9 million in the period.

For the year, the company reported that its loss narrowed to $199.8 million, or $1.61 per share. Revenue was reported as $1.39 billion.

Ocwen shares have climbed slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.40, a drop of nearly 9 percent in the last 12 months.


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


Keywords: Ocwen Financial, Earnings Report