AP NEWS

Ashford: 4Q Earnings Snapshot

February 25, 2020 GMT

DALLAS (AP) _ Ashford Inc. (AINC) on Tuesday reported a fourth-quarter loss of $8.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had a loss of $6.31. Earnings, adjusted for non-recurring costs, were $1.27 per share.

The asset management company serving the hospitality industry posted revenue of $107.6 million in the period.

For the year, the company reported a loss of $13.9 million, or $13.55 per share, swinging to a loss in the period. Revenue was reported as $291.3 million.

Ashford shares have declined 2% since the beginning of the year. The stock has dropped 61% 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 AINC at https://www.zacks.com/ap/AINC