Tejon posts 4Q profit
Published 9:44 am, Monday, March 12, 2018
LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Monday reported fourth-quarter net income of $343,000, after reporting a loss in the same period a year earlier.
The Lebec, California-based company said it had net income of 1 cent per share.
The real estate development company posted revenue of $11.7 million in the period.
For the year, the company reported a loss of $1.6 million, or 7 cents per share, swinging to a loss in the period. Revenue was reported as $35.7 million.
Tejon shares have risen 15 percent since the beginning of the year. The stock has increased 10 percent 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 TRC at https://www.zacks.com/ap/TRC