Revenue Update on St. Joe Co(NYSE:JOE)

St. Joe Co(NYSE:JOE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $29.50M. Analysts estimated a revenue of $29.50M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.01.

St. Joe Co (JOE) made into the market gainers list on Fridays trading session with the shares advancing 0.53% or 0.1 points. Due to strong positive momentum, the stock ended at $19.14, which is also near the day’s high of $19.25. The stock began the session at $19 and the volume stood at 1,14,255 shares. The 52-week high of the shares is $21.64 and the 52 week low is $14.27. The company has a current market capitalization of $1,423 M and it has 7,43,42,826 shares in outstanding.

The St. Joe Company is a real estate development and operating company. The Company owns land concentrated primarily between Tallahassee and Destin Florida. The Company has residential and commercial land-use entitlements in hand or in process. The Company operates in four operating segments: residential real estate; commercial real estate; resorts leisure and leasing operations and forestry. The Company’s residential real estate segment typically plans and develops mixed-use resort primary and seasonal residential communities of various sizes primarily on the Company’s existing land. The Company’s commercial real estate segment plans develops manages and sells real estate including commercial operating property for commercial purposes. The Company’s resorts leisure and leasing operations segment includes its resort and leisure businesses and its leasing operations. The Company’s forestry segment focuses on the management of its timber holdings in Northwest Florida.

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