Ashford: 2Q Earnings Snapshot
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.