THE WOODLANDS, Texas (AP) — THE WOODLANDS, Texas (AP) — The Howard Hughes Corp. (HHC) on Monday reported fourth-quarter profit of $52.8 million.
On a per-share basis, the The Woodlands, Texas-based company said it had profit of $1.07.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The land developer posted revenue of $482 million in the period.
For the year, the company reported profit of $184.5 million, or $3.65 per share. Revenue was reported as $1.61 billion.
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