Altisource Asset Management Corp (ASPS) Misses Q1 EPS by 19c, Revenues Beat

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Go back to Altisource Asset Management Corp (ASPS) Misses Q1 EPS by 19c, Revenues Beat

Altisource Announces Second Quarter 2020 Financial Results

August 6, 2020 7:21 AM EDT

Second Quarter 2020

Service revenue of $91.0 millionLoss before income taxes and non-controlling interests of $(33.7) millionAdjusted pretax loss attributable to Altisource(1) of $(10.0) millionAdjusted earnings before interest, taxes, depreciation and amortization (EBITDA)(1) of $(2.1) million

LUXEMBOURG, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (Altisource or the Company) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the second quarter 2020.

In the second quarter, Altisource faced an unprecedented and challenging... More