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ARL posts 4Q profit

DALLAS (AP) _ American Realty Investors Inc. (ARL) on Monday reported fourth-quarter net income of $1.5 million, after reporting a loss in the same period a year earlier.

The Dallas-based company said it had profit of 9 cents per share.

The real estate investment company posted revenue of $29.6 million in the period.

For the year, the company reported that its loss narrowed to $2.7 million, or 25 cents per share. Revenue was reported as $119.7 million.

ARL shares have increased 55 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8, a rise of 65 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


Keywords: American Realty Investors, Earnings Report