St. Joe: 2Q Earnings Snapshot
WATERSOUND, Fla. (AP) _ The St. Joe Co. (JOE) on Wednesday reported second-quarter profit of $26.2 million.
On a per-share basis, the Watersound, Florida-based company said it had profit of 41 cents. Earnings, adjusted for non-recurring gains, came to 12 cents per share.
The real estate development company posted revenue of $50.4 million in the period.
St. Joe shares have dropped 2.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.60, a drop of 3 percent in the last 12 months.