Five Point Holdings, LLC (FPH) Tops Q3 EPS by 28c

Five Point Holdings, LLC (NYSE: FPH) reported Q3 EPS of $0.25, $0.28 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $8.38 million versus the consensus estimate of $31.77 million.

“We are pleased to present our third quarter results where we improved our cash position by $55 million and generated consolidated net income of $36.4 million. We are seeing continued strength in our markets evidenced by the rate of sales at our Great Park Neighborhoods community, the interest from homebuilders in Valencia and the reported home price appreciation in both the Los Angeles County and Orange County markets.”

For earnings history and earnings-related data on Five Point Holdings, LLC (FPH) click here.

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