GRAND DUCHY OF LUXEMBOURG, Luxembourg (AP) _ Altisource Portfolio Solutions SA (ASPS) on Monday reported a loss of $22 million in its first quarter.

The Grand Duchy Of Luxembourg, Luxembourg-based company said it had a loss of $1.40 per share. Losses, adjusted for non-recurring costs and stock option expense, were 91 cents per share.

The real estate services firm posted revenue of $50.5 million in the period. Its adjusted revenue was $48.1 million.

Altisource Portfolio shares have dropped 48% since the beginning of the year. The stock has fallen 22% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASPS at https://www.zacks.com/ap/ASPS

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News