Altisource: Q2 Earnings Snapshot

CHRISTIANSTED, Virgin Islands (AP) — CHRISTIANSTED, Virgin Islands (AP) — Altisource Asset Management Corp. (AAMC) on Wednesday reported a loss of $2.2 million in its second quarter.

On a per-share basis, the Christiansted, Virgin Islands-based company said it had a loss of 85 cents.

The asset manager posted revenue of $42,000 in the period.

The company’s shares closed at $2.41. A year ago, they were trading at $19.32.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up