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Stock impact report

Altisource Announces Third Quarter 2020 Financial Results

Altisource Portfolio Solutions S.A. (ASPS) 
Last altisource portfolio solutions s.a. earnings: 4/30 06:59 am Check Earnings Report
US:NASDAQ Investor Relations: ir.altisource.com/investor-relations
Company Research Source: GlobeNewswire
Third Quarter 2020 Service revenue of $85.4 millionLoss before income taxes and non-controlling interests of $(11.1) millionAdjusted pretax loss attributable to Altisource(1) of $(1.4) millionAdjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”)(1) of $6.4 million LUXEMBOURG, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2020. “We are pleased with the progress we are making in a very difficult operating environment.  We increased adjusted EBITDA(1) by $8.5 million in the third quarter of 2020 compared to the second quarter of 2020, and we are implementing our 2021 operating plan that targets $250 million to $270 million of service revenue and $35 million to $43 million of adjusted EBITDA(1).  Our operating plan assumes continued COVID-19 related he Show less Read more
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