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Stock impact report

The St. Joe Company Reports Fourth Quarter and Full Year 2018 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 a net loss for the fourth quarter of 2018 of ($0.1) million, or ($0.00) per share, compared with net income of $38.5 million, or $0.58 per share, for the fourth quarter of 2017. The fourth quarter of 2018 included approximately $1.4 million in net expenses related to Hurricane Michael, which impacted the area on October 10, 2018. The insurance claims for recovery of these expenses, as well as the expected recovery of the business interruption claims related to the Bay Point Marina and Port St. Joe Marina operations are in process. In addition, the fourth quarter of 2018 included approximately $3.7 million unrealized loss on the Company’s preferred investments due to market volatility in December 2018, of which a significant portion has since recovered. The fourth quarter of 2017 included the sale of the Company Show less Read more
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