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.