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St. Joe: 4Q Earnings Snapshot

February 26, 2020 GMT

WATERSOUND, Fla. (AP) _ The St. Joe Co. (JOE) on Wednesday reported fourth-quarter net income of $8.7 million, after reporting a loss in the same period a year earlier.

The Watersound, Florida-based company said it had net income of 15 cents per share.

The real estate development company posted revenue of $42.6 million in the period.

For the year, the company reported profit of $26.8 million, or 45 cents per share. Revenue was reported as $127.1 million.

St. Joe shares have dropped slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.82, a climb of 26% 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 JOE at https://www.zacks.com/ap/JOE