St. Joe Company (JOE) Misses Q1 EPS by 3c
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The St. Joe Company Reports First Quarter 2015 Results
May 7, 2015 4:05 PM EDTWATERSOUND, Fla.--(BUSINESS WIRE)-- The St. Joe Company (NYSE: JOE) (the Company) today announced a Net Loss for the first quarter of 2015 of $(1.7) million, or $(0.02) per share, compared with Net Income of $403.0 million, or $4.37 per share, for the first quarter of 2014. During the first quarter of 2014, the Company sold approximately 380,000 acres of the Companys non-strategic timberlands and rural land to AgReserves, Inc (the AgReserves Sale). As a result of this sale, the Company recorded earnings of $511.1 million before income taxes in the first quarter of 2014.
Revenue for the first quarter of 2015 was $17.1 million as... More
