DALLAS (AP) — American Realty Investors Inc. (ARL) on Wednesday reported a second-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier.

The Dallas-based company said it had a loss of 17 cents per share.

The real estate investment company posted revenue of $11.8 million in the period.

ARL shares have dropped slightly more than 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.55, a decrease of 35% 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 ARL at https://www.zacks.com/ap/ARL

Automated Insights

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.