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.