DALLAS (AP) _ Ashford Inc. (AINC) on Thursday reported a loss of $8 million in its second quarter.
The Dallas-based company said it had a loss of $7.37 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 12 cents per share.
The asset management company serving the hospitality industry posted revenue of $45.6 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $4.96. A year ago, they were trading at $34.31.