AP NEWS

Altisource: 4Q Earnings Snapshot

February 28, 2020 GMT

CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Friday reported a loss of $1.5 million in its fourth quarter.

The Christiansted, Virgin Islands-based company said it had a loss of $1 per share.

The asset manager posted revenue of $4.1 million in the period.

For the year, the company reported that its loss narrowed to $2.6 million, or $1.77 per share. Revenue was reported as $15.8 million.

Altisource shares have risen 94% since the beginning of the year. The stock has decreased 34% in the last 12 months.

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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