LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Thursday reported a third-quarter loss of $22,000, after reporting a profit in the same period a year earlier.
On a per-share basis, the Lebec, California-based company said it had a loss of less than 1 cent.
The real estate development company posted revenue of $11.9 million in the period.
Tejon shares have dropped 22 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.72, a decline of 17 percent in the last 12 months.