BEVERLY HILLS, Calif. (AP) _ Kennedy-Wilson Holdings Inc. (KW) on Wednesday reported a loss of $5.6 million in its first quarter.
The Beverly Hills, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 32 cents per share.
The real estate investment and services company posted revenue of $123.3 million in the period.
Kennedy-Wilson shares have declined 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.12, a decline of 42% in the last 12 months.