Alexander & Baldwin (ALEX) Misses Q3 EPS by 9c

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Alexander & Baldwin Reports Third Quarter 2015 Results

November 5, 2015 4:01 PM EST

HONOLULU, Nov. 5, 2015 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced net income for the third quarter of 2015 of $6.7 million, or $0.11 per diluted share. Earnings for the quarter reflect a $5.6 million after-tax loss related to the Agribusiness segment.

Earnings for the third quarter of 2014 were $10.2 million, or $0.21 per diluted share. Revenue for the third quarter of 2015 was $144.7 million, compared to revenue of $153.4 million for the third quarter of last year.

Operating profit for the third quarter of... More