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Five Point: 1Q Earnings Snapshot

ALISO VIEJO, Calif. (AP) _ Five Point Holdings LLC (FPH) on Tuesday reported first-quarter net income of $23.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Aliso Viejo, California-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring gains, came to less than 1 cent on a per-share basis.

The real estate developer posted revenue of $13.1 million in the period.

Five Point shares have increased 27% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.78, a decline of 34% 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 FPH at https://www.zacks.com/ap/FPH