Altisource Asset Mgmt Q2 EPS $(2.16) Down From $(2.00) YoY, Sales $1.92M Up From $533.00K YoY
Portfolio Pulse from vinayak@benzinga.com
Altisource Asset Mgmt (AMEX:AAMC) reported Q2 losses of $(2.16) per share, an 8% decrease YoY. However, the company's sales increased by 260.23% to $1.92 million from $533.00 thousand in the same period last year.
August 14, 2023 | 8:40 pm
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NEUTRAL IMPACT
Altisource Asset Mgmt reported an 8% YoY decrease in Q2 losses per share, but a 260.23% increase in sales.
While Altisource Asset Mgmt reported an increase in losses per share, the substantial increase in sales could offset this negative impact. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100