St Joe Co. Earnings Cheat Sheet: Losses Widen

St Joe Co. (NASDAQ:JOE) reported its results for the second quarter. The St Joe Co. is a real estate development company which is engaged in residential, commercial and industrial development and rural land sales.

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St Joe Earnings Cheat Sheet for the Second Quarter

Results: Loss widened to $13 million (loss of 14 cents per diluted share) from $8.6 million (loss of 9 cents per share) in the same quarter a year earlier.

Revenue: Rose 14.8% to $25.3 million from the year earlier quarter.

Actual vs. Wall St. Expectations: JOE fell short of the mean analyst estimate of a loss of 10 cents per share. It beat the average revenue estimate of $21.3 million.

Key Stats:

Revenue has now gone up for three straight quarters. In the first quarter, revenue rose more than fivefold to $73.4 million while the figure rose 13.1% in the fourth quarter of the last fiscal year from the year earlier.

The company has now fallen short of estimates in the last two quarters. In the first quarter, it missed expectations by 15 cents with a loss of 21 cents versus a mean estimate of a loss of 6 cents per share.

Competitors to Watch: Forestar Group Inc. (NYSE:FOR), Stratus Properties Inc. (NASDAQ:STRS), CB Richard Ellis Group, Inc. (NYSE:CBG), Tejon Ranch Company (NYSE:TRC), Avatar Holdings Inc. (NASDAQ:AVTR), Circle Entertainment Inc (CEXE), Income Opportunity Realty Investors, Inc (AMEX:IOT), Pope Resources L.P. (NASDAQ:POPE), and Alico, Inc. (NASDAQ:ALCO).

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(Source: Xignite Financials)