ARL: Q4 Earnings Snapshot

Associated Press Finance
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DALLAS (AP) — DALLAS (AP) — American Realty Investors Inc. (ARL) on Thursday reported fourth-quarter net income of $43.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had profit of $2.69. Losses, adjusted for non-recurring gains, were 69 cents per share.

The real estate investment company posted revenue of $13.3 million in the period.

ARL shares have climbed roughly 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.88, an increase of 99% 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 ARL at https://www.zacks.com/ap/ARL

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