AP NEWS

Consolidated-Tomoka: 3Q Earnings Snapshot

October 16, 2019

DAYTONA BEACH, Fla. (AP) _ Consolidated-Tomoka Land Co. (CTO) on Wednesday reported third-quarter net income of $1.5 million.

The Daytona Beach, Florida-based company said it had net income of 31 cents per share. Earnings, adjusted to account for discontinued operations, were 36 cents per share.

The real estate company posted revenue of $11.7 million in the period.

Consolidated-Tomoka expects full-year earnings to be $6.75 to $7.50 per share.

Consolidated-Tomoka shares have risen 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.08, an increase of almost 2% 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