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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.


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