Consolidated-Tomoka Land (CTO) Reports Q1 EPS of $2.28

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Go back to Consolidated-Tomoka Land (CTO) Reports Q1 EPS of $2.28

Consolidated-Tomoka Land Co. Reports First Quarter 2017 Earnings of $2.28 Per Share

April 17, 2017 4:30 PM EDT

DAYTONA BEACH, Fla.--(BUSINESS WIRE)-- Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (the Company) today announced its operating results and earnings for the quarter ended March 31, 2017.

OPERATING RESULTS

Operating results for the quarter ended March 31, 2017 (as compared to the same period in 2016):

Net income was $2.28 per share, an increase of $2.03 per share, or 812%; The Company expects to exceed the high end of its guidance for earnings per share in 2017; Operating income was approximately $22.8 million, an increase of approximately $16.5 million, or approximately 257%; and Revenues from our Operating Segments were as follows:  ... More