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Consolidated-Tomoka posts 1Q profit

DAYTONA BEACH, Fla. (AP) _ Consolidated-Tomoka Land Co. (CTO) on Monday reported first-quarter earnings of $12.7 million.

On a per-share basis, the Daytona Beach, Florida-based company said it had net income of $2.27.

The real estate company posted revenue of $38.7 million in the period.

Consolidated-Tomoka expects full-year earnings to be $2.25 to $2.45 per share.

Consolidated-Tomoka shares have climbed slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $54.69, a climb of 16 percent in the last 12 months.


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


Keywords: Consolidated-Tomoka, Earnings Report