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St. Joe posts 4Q profit

WATERSOUND, Fla. (AP) _ The St. Joe Co. (JOE) on Thursday reported fourth-quarter net income of $2.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Watersound, Florida-based company said it had profit of 4 cents.

The real estate development company posted revenue of $18.7 million in the period.

For the year, the company reported net income of $15.9 million, or 21 cents per share, swinging to a profit in the period. Revenue was reported as $95.7 million.

St. Joe shares have fallen 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.35, a rise of almost 2 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 JOE at https://www.zacks.com/ap/JOE

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Keywords: St. Joe, Earnings Report