DALLAS (AP) — DALLAS (AP) — American Realty Investors Inc. (ARL) on Thursday reported third-quarter net income of $3 million.
On a per-share basis, the Dallas-based company said it had net income of 18 cents.
The real estate investment company posted revenue of $12.5 million in the period.
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ARL shares have declined 49% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.96, a fall of 32% 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 ARL at https://www.zacks.com/ap/ARL