Ashford: 4Q Earnings Snapshot
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.