Consolidated-Tomoka: 2Q Earnings Snapshot
DAYTONA BEACH, Fla. (AP) _ Consolidated-Tomoka Land Co. (CTO) on Wednesday reported second-quarter net income of $10.6 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of $2.14. Earnings, adjusted for non-recurring gains, came to 28 cents per share.
The real estate company posted revenue of $17.9 million in the period.
Consolidated-Tomoka expects full-year earnings in the range of $6.75 to $7.50 per share.
Consolidated-Tomoka shares have increased 16% since the beginning of the year. The stock has climbed 2.5% in the last 12 months.