LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Wednesday reported third-quarter profit of $47,000.
On a per-share basis, the Lebec, California-based company said it had net income of less than 1 cent.
The real estate development company posted revenue of $9.7 million in the period.
Tejon shares have climbed slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.63, a decline of 11% in the last 12 months.