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ASPS Altisource Portfolio Solutions SA News Story

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Altisource Q3 service revenue rises, driven by business growth and cost discipline

Overview

Altisource Q3 service revenue up 4% yr/yr, driven by business growth and cost discipline

Company's Q3 net loss improves by $7 mln compared to same quarter last year

Adjusted EBITDA for Q3 remains roughly stable despite a slight margin decline

Outlook

Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

SERVICE REVENUE GROWTH - Altisource's Q3 service revenue increased by 4% yr/yr, attributed to business growth and cost discipline

NEW BUSINESS WINS - Co secured new business expected to generate $14.4 mln in annual service revenue on a stabilized basis

COST DISCIPLINE - Reduction in corporate interest expenses contributed to improved net losses, per CEO William B. Shepro

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Adjusted EPS$0.10
Q3 EPS-$0.22
Q3 Adjusted Net Income$1.09 mln
Q3 Adjusted EBITDA$3.62 mln
Q3 Adjusted Operating Income$2.66 mln
Q3 Adjusted Pretax Profit$1.31 mln
Press Release: ID:nGNX4YcRdK For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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