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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $0.10

Adjusted

EPS

Q3 EPS -$0.22

Q3 $1.09

Adjusted mln

Net

Income

Q3 $3.62

Adjusted mln

EBITDA

Q3 $2.66

Adjusted mln

Operatin

g Income

Q3 $1.31

Adjusted mln

Pretax

Profit

Press Release:

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(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.)