DALLAS (AP) _ American Realty Investors Inc. (ARL) on Tuesday reported third-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had net income of 59 cents. Losses, adjusted for non-recurring gains, were 23 cents per share.
The real estate investment company posted revenue of $31.8 million in the period.
ARL shares have increased 88 percent since the beginning of the year. The stock has risen 45 percent 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, source Associated Press News