DALLAS (AP) _ American Realty Investors Inc. (ARL) on Tuesday reported second-quarter net income of $5.9 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had net income of 35 cents per share.
The real estate investment company posted revenue of $31.6 million in the period.
ARL shares have increased 37 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.60, 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 ARL at https://www.zacks.com/ap/ARL