Altisource: 2Q Earnings Snapshot
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.