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Transcontinental Realty: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Transcontinental Realty Investors Inc. (TCI) on Thursday reported third-quarter net income of $7.7 million, after reporting a loss in the same period a year earlier.

The Dallas-based company said it had profit of 88 cents per share. Losses, adjusted for asset impairment gains, were 24 cents per share.

The real estate investor posted revenue of $12.2 million in the period.

Transcontinental Realty shares have dropped 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.21, a drop of 16% 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 TCI at https://www.zacks.com/ap/TCI