Consolidated-Tomoka Land (CTO) Reports Q3 EPS of $0.18
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Consolidated-Tomoka Land Co. Reports Third Quarter 2017 Earnings of $0.18 Per Share and Announces Land Pipeline Reaches $146 Million or 72% of Land Holdings
October 18, 2017 4:20 PM EDTDAYTONA BEACH, Fla.--(BUSINESS WIRE)-- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the Company) today announced its operating results and earnings for the quarter and nine months ended September 30, 2017.
OPERATING RESULTS
Operating results for the quarter ended September 30, 2017 (as compared to the same period in 2016):
Net income was $0.18 per basic share, a decrease of $1.26 per share, or (88%); Operating income was approximately $3.8 million, a decrease of approximately $12.1 million, or (76%); and Revenues from our Operating Segments were as follows: Â Â Â Increase (Decrease) Operating Segment ÂRevenue forthe Quarter($000s)
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