Altisource reports 3Q loss

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

The Christiansted, Virgin Islands-based company said it had a loss of $1.38 per share.

The asset manager posted revenue of $4.4 million in the period.

Altisource shares have risen 50 percent since the beginning of the year. The stock has more than doubled in the last 12 months.


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