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Ashford: 1Q Earnings Snapshot

DALLAS (AP) _ Ashford Inc. (AINC) on Thursday reported first-quarter net income of $710,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had net income of $1.13. Earnings, adjusted for one-time gains and costs, were $2.39 per share.

The asset management company serving the hospitality industry posted revenue of $63.3 million in the period.

Ashford shares have increased 5% since the beginning of the year. The stock has decreased 42% 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