AP NEWS

Consolidated-Tomoka: 2Q Earnings Snapshot

July 18, 2019

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.

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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 CTO at https://www.zacks.com/ap/CTO