Altisource: 4Q Earnings Snapshot
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.