Mortgage investment company Altisource Portfolio Solutions S.A. (ASPS), Thursday reported an increase in profit for the first quarter as revenues increased.
Net income attributable to Altisource for the quarter improved to $27.5 million or $1.10 per share from $25.2 million or $1.02 per share last year.
Service revenues increased to $127.6 million from $108.5 million last year.
Gross margin dropped to 41 percent from 44 percent last year, largely due to higher compensation costs in technology services segment.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.