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MARKETS LIVE BLOG:

STOCKS TURN HIGHER WITH COMPANY EARNINGS ROLLING IN

Fed's Powell: Will take 'longer than expected' to reach confidence on inflation

Tejon: Q4 Earnings Snapshot

Associated Press
Updated ·1 min read

LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Wednesday reported a fourth-quarter loss of $123,000, after reporting a profit in the same period a year earlier.

The Lebec, California-based company said it had a loss of less than 1 cent on a per-share basis.

The real estate development company posted revenue of $9.2 million in the period.

For the year, the company reported a loss of $740,000, or 3 cents per share, swinging to a loss in the period. Revenue was reported as $37.8 million.

Tejon shares have increased 15% since the beginning of the year. The stock has increased 10% 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 TRC at https://www.zacks.com/ap/TRC