St. Joe Company (JOE) Tops Q3 EPS by 1c; Approves Additional Buybacks

St. Joe Company (NYSE: JOE) reported Q3 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $27.8 million versus the consensus estimate of $29 million.

The Company’s Board of Directors recently approved an additional amount of $200 million for the repurchase of its outstanding common stock under the Company’s Stock Repurchase Program. As a result, the Company currently has a total of $205.7 million available for share repurchases. The Company may repurchase its stock in open market purchases pursuant to Rule 10b-18, in privately negotiated transactions or otherwise. The timing and amount of any additional shares to be repurchased will depend upon a variety of factors, including market and business conditions, applicable legal requirements and other factors. Repurchases may be commenced or suspended at any time or from time to time without prior notice. The Stock Repurchase Program will continue until otherwise modified or terminated by the Company’s Board of Directors at any time in its sole discretion.

For earnings history and earnings-related data on St. Joe Company (JOE) click here.

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