DALLAS (AP) _ Ashford Inc. (AINC) on Thursday reported fourth-quarter net income of $4.1 million, after reporting a loss in the same period a year earlier.

The Dallas-based company said it had net income of $1.79 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.24 per share.

The asset management company serving the hospitality industry posted revenue of $133.8 million in the period.

For the year, the company reported that its loss narrowed to $9.9 million, or $16.68 per share. Revenue was reported as $388.5 million.

Ashford shares have risen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.50, more than doubling 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 AINC at https://www.zacks.com/ap/AINC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News