Newhall Land Expects $3.7-Million Quarter Loss

Newhall Land & Farming Co., a Valencia real estate developer, said it expects to report a first-quarter loss of $3.7 million because of earthquake damage.

Without those damages, Newhall Land said it would have had a break-even quarter on revenues of about $16 million. In the year-ago quarter ended March 31, the company earned $364,000 on revenues of $15.4 million.

Newhall Land also said it expects its income from operations and revenues this year to exceed 1993’s results. Its 1994 results will include lot sales in its new Scottsdale, Ariz., project, and the sale of agricultural land in the fourth quarter.