AP NEWS
Click to copy
Click to copy

Altisource: 2Q Earnings Snapshot

August 7, 2019

CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Wednesday reported second-quarter net income of $3.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Christiansted, Virgin Islands-based company said it had net income of $1.81.

The asset manager posted revenue of $3.9 million in the period.

Altisource shares have dropped 63% since the beginning of the year. The stock has dropped 83% 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 AAMC at https://www.zacks.com/ap/AAMC

All contents © copyright 2019 The Associated Press. All rights reserved.