AP NEWS

Ashford: 2Q Earnings Snapshot

August 9, 2018

DALLAS (AP) _ Ashford Inc. (AINC) on Thursday reported second-quarter net income of $9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had profit of 93 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to $3.60 per share.

The asset management company serving the hospitality industry posted revenue of $54.8 million in the period.

Ashford shares have fallen nearly 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $84.84, an increase of 53 percent in the last 12 months.

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

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