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Stock impact report

Altisource Announces Third Quarter 2024 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
LUXEMBOURG, Oct. 24, 2024 (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 2024. “We had another solid quarter, demonstrating our resilience in a challenging market. We grew Service revenue both sequentially and year-over-year despite a 15% decline in serious delinquency rates, a 7% decline in foreclosure initiations and a 14% decline in foreclosure sales through August this year compared to the same period last year(3). For the quarter, we generated $38.2 million in Service revenue, a $4.0 million or 11.8% increase over the same period last year. This growth primarily reflects sales wins and represents our strongest quarterly Service revenue performance in twelve quarters. Compared to last quarter, Service revenue grew by $1.3 million or 3.5%, primarily from ramping sales wins,” said Chairman Show less Read more
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