DALLAS (AP) _ Ashford Inc. (AINC) on Wednesday reported a third-quarter loss of $6.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of $3.94. Earnings, adjusted for non-recurring costs, came to $1.58 per share.
The asset management company serving the hospitality industry posted revenue of $56.9 million in the period.
Ashford shares have declined 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.75, a decrease of 64% in the last 12 months.