Tejon: 2Q Earnings Snapshot
LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Thursday reported second-quarter net income of $707,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Lebec, California-based company said it had profit of 3 cents.
The real estate development company posted revenue of $8.9 million in the period.
Tejon shares have increased 12% since the beginning of the year. The stock has declined 21% in the last 12 months.