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Tejon posts 3Q loss

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.

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