Brief: Tejon Ranch Q2 revenue $7.9 million
08/08/2017 14:15
Aug 8 (Reuters) - Tejon Ranch Co TRC.N
* Tejon Ranch reports second quarter and year-to-date 2017
results of operations
* Q2 earnings per share $0.00
* Revenues and other income for Q2 of 2017 were $7.9
million, a decrease of $0.9 million, or 10.2%
* Says "believes variability of its operating results will
continue through remainder of 2017 due to seasonal nature of
farming activities"
* Says farm revenues may be adversely impacted in 2017
versus 2016, due to recent declines in almond prices,
uncertainties related to overall crop production
* Company does not expect to generate additional mineral
resource revenue from excess water sales for remainder of 2017
* Expects harvest of almonds to begin in early august and at
that time will be able to better estimate 2017 crop
Source text for Eikon: ID:nBwb0jKtwa
Further company coverage: TRC.N
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