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Stock impact report

The St. Joe Company Reports First Quarter 2020 Results

St. Joe Company (The) (JOE) 
Last st. joe company (the) earnings: 10/31 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.joe.com
Company Research Source: Business Wire
WATERSOUND, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE: JOE) (the “Company”) today announced revenue for the first quarter of 2020 increased 16% to $18.6 million as compared to $16.0 million for the first quarter of 2019. Net loss and loss per share was ($1.5) million, or ($0.03) per share, compared with net income of $2.0 million, or $0.03 per share, for the same period in 2019. The first quarter earnings were impacted by COVID-19 and associated travel restrictions and shutdowns to the Company’s hospitality operations. Also, the Company reported a total investment loss of ($1.6) million for the first quarter of 2020 as compared to a $6.0 million gain in the first quarter of 2019. The Company’s operating loss for the seasonally soft first quarter of 2020 improved by approximately $0.9 million as compared to the same period in 2019.Jorge Gonzalez, the Company’s President and Chief Executive Officer, said: “An unpredictable pandemic reminds us why the business strategy we have Show less Read more
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