Consolidated-Tomoka: 4Q Earnings Snapshot

DAYTONA BEACH, Fla. (AP) _ Consolidated-Tomoka Land Co. (CTO) on Tuesday reported fourth-quarter net income of $11.8 million.

On a per-share basis, the Daytona Beach, Florida-based company said it had profit of $2.17. Earnings, adjusted to account for discontinued operations, were $2.22 per share.

The real estate company posted revenue of $33.2 million in the period.

For the year, the company reported profit of $37.2 million, or $6.72 per share. Revenue was reported as $86.7 million.

Consolidated-Tomoka expects full-year earnings to be $6.75 to $7.50 per share.

Consolidated-Tomoka shares have increased 17 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.25, a decrease of nearly 5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTO at https://www.zacks.com/ap/CTO