ARL: Q1 Earnings Snapshot

DALLAS (AP) _ American Realty Investors Inc. (ARL) on Friday reported first-quarter profit of $11.3 million.

On a per-share basis, the Dallas-based company said it had net income of 70 cents. Earnings, adjusted to extinguish debt, came to 80 cents per share.

The real estate investment company posted revenue of $7.8 million in the period.

ARL shares have risen 66% since the beginning of the year. In the final minutes of trading on Friday, shares hit $21.06, more than doubling 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 ARL at https://www.zacks.com/ap/ARL

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