CHRISTIANSTED, Virgin Islands (AP) _ Altisource Asset Management Corp. (AAMC) on Tuesday reported first-quarter net income of $5.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Christiansted, Virgin Islands-based company said it had net income of $37.41. Earnings, adjusted to account for discontinued operations, came to $34.42 per share.

Altisource shares have dropped 30% since the beginning of the year. The stock has climbed almost 5% in the last 12 months.

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