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Tejon Ranch swings to $2.6mil in quarterly profit
Summary by The San Joaquin Valley Sun
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Tejon Ranch swings to $2.6mil in quarterly profit
Tejon Ranch Co. returned to profitability in the second quarter, reporting $2.6 million in net income attributable to common stockholders. The company earned $0.10 per share during the quarter ending June 30, compared to a loss of $1.7 million, or $0.06 per share, during the same period last year, according to the Bakersfield Californian. The big picture: Revenue and other income, including earnings from Tejon Ranch’s unconsolidated joint ventur…
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