02:21 PM EDT, 04/25/2024 (MT Newswires) -- Altisource Portfolio Solutions ( ASPS ) reported a Q1 adjusted loss Thursday of $0.20 per diluted share, compared with a loss of $0.38 per share a year earlier.

One analyst polled by Capital IQ expected a per-share loss of $0.26.

Revenue for the quarter ended March 31 was $39.47 million, up from with $39.46 million a year earlier.

Two analysts surveyed by Capital IQ expected $35 million.

The company's shares were up 11.5% in recent trading.

Price: 1.90, Change: +0.20, Percent Change: +11.47