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Recap: Altisource Portfolio Q3 Earnings

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Shares of Altisource Portfolio (NASDAQ:ASPS) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 196.00% over the past year to ($0.24), which beat the estimate of ($0.79).

Revenue of $85,386,000 decreased by 36.17% from the same period last year, which beat the estimate of $58,470,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 29, 2020

View more earnings on ASPS

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/6i2jqsif

Price Action

Company's 52-week high was at $19.87

52-week low: $6.00

Price action over last quarter: Up 20.04%

Company Description

Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries. It operates through the following segments: The Mortgage Market segment provides loan servicers and originators with marketplaces, services, and technologies that span the mortgage lifecycle; The Real Estate Market segment provides real estate consumers and rental property investors with marketplaces and services that span the real estate lifecycle; The Other Businesses, Corporate and Eliminations segment includes asset recovery management services and customer relationship management services as well as information technology infrastructure management services.

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