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Altisource Portfolio posts 4Q profit

GRAND DUCHY OF LUXEMBOURG, Luxembourg (AP) _ Altisource Portfolio Solutions SA (ASPS) on Thursday reported fourth-quarter net income of $286.4 million, after reporting a loss in the same period a year earlier.

The Grand Duchy Of Luxembourg, Luxembourg-based company said it had profit of $15.72 per share. Earnings, adjusted for pretax gains, were 54 cents per share.

The real estate services firm posted revenue of $207.3 million in the period.

For the year, the company reported profit of $308.9 million, or $16.53 per share. Revenue was reported as $899.6 million.

Altisource Portfolio shares have declined almost 3 percent since the beginning of the year. The stock has increased 15 percent in the last 12 months.


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