Altisource Portfolio reports 4Q loss

Altisource Portfolio Solutions posts fourth-quarter loss of $20.4 million

LUXEMBOURG (AP) _ Altisource Portfolio Solutions SA (ASPS) on Thursday reported a loss of $20.4 million in its fourth quarter.

The Luxembourg-based company said it had a loss of $1.08 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 55 cents per share.

The real estate services firm posted revenue of $227.2 million in the period.

For the year, the company reported profit of $28.7 million, or $1.46 per share. Revenue was reported as $942.6 million.

Altisource Portfolio shares have climbed 16 percent since the beginning of the year. The stock has risen 5 percent 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 ASPS at https://www.zacks.com/ap/ASPS

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Keywords: Altisource Portfolio Solutions, Earnings Report

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