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Forestar Group: Fiscal 4Q Earnings Snapshot

·1 min read

ARLINGTON, Texas (AP) _ Forestar Group Inc. (FOR) on Thursday reported fiscal fourth-quarter profit of $24.2 million.

On a per-share basis, the Arlington, Texas-based company said it had net income of 50 cents.

The real estate and natural resources developer posted revenue of $347.6 million in the period.

For the year, the company reported profit of $60.8 million, or $1.26 per share. Revenue was reported as $931.8 million.

Forestar Group shares have dropped 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.13, a decrease of nearly 5% 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 FOR at https://www.zacks.com/ap/FOR