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Ashford: 2Q Earnings Snapshot

DALLAS (AP) _ Ashford Inc. (AINC) on Thursday reported second-quarter profit of $112,000.

The Dallas-based company said it had profit of $3 per share. Earnings, adjusted for non-recurring costs, came to $2.04 per share.

The asset management company serving the hospitality industry posted revenue of $63.5 million in the period.

Ashford shares have dropped 37% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.85, a fall of 61% 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