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Green Brick Partners posts 4Q profit

PLANO, Texas (AP) _ Green Brick Partners Inc. (GRBK) on Monday reported fourth-quarter profit of $7.7 million.

On a per-share basis, the Plano, Texas-based company said it had net income of 16 cents. Earnings, adjusted for non-recurring costs, came to 28 cents per share.

The real estate investment company posted revenue of $119.8 million in the period.

For the year, the company reported profit of $23.8 million, or 49 cents per share. Revenue was reported as $380.3 million.

Green Brick Partners shares have declined 9.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.10, a climb of 23 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 GRBK at https://www.zacks.com/ap/GRBK

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Keywords: Green Brick Partners, Earnings Report