AP NEWS

Howard Hughes: 4Q Earnings Snapshot

February 28, 2020 GMT

DALLAS (AP) _ The Howard Hughes Corp. (HHC) on Thursday reported a fourth-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had a loss of 3 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 80 cents per share.

The land developer posted revenue of $284.2 million in the period.

For the year, the company reported profit of $74 million, or $1.71 per share. Revenue was reported as $1.3 billion.

Howard Hughes shares have fallen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $112.97, decreasing slightly 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 HHC at https://www.zacks.com/ap/HHC