St. Joe (JOE) Q3 Earnings & Revenues Top Estimates, Stock Up
Zacks Investment Research | Nov 05, 2017 08:48PM ET
The St. Joe Company (NYSE:JOE) reported third-quarter 2017 net income per share of 8 cents, comfortably surpassing the Zacks Consensus Estimate of 4 cents. The figure also compared favorably with the prior-year quarter tally of 4 cents.
Total revenues for the quarter came in at $33.6 million compared with $27.2 million recorded in the year-ago period. This upswing was driven by higher leasing revenues, timber revenues and real estate revenues. However, the quarter witnessed a slight decline in the resorts and leisure business revenues. The top line also surpassed the Zacks Consensus Estimate of $26 million.
Shares of St. Joe inched up 0.8% to $17.95 during regular trading session on Nov 3, reflecting investors' optimism.
Yet, the company’s total expenses for the quarter escalated 14.1% from the prior-year quarter to $29.2 million.
St. Joe Company (The) Price, Consensus and EPS Surprise
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