Five Point Holdings Llc Cl A Up 12.54% To $3.50 After Earnings

Five Point Holdings Llc Cl A (FPH) said after close Thursday that it earned $0.34 per share in quarter two 2023. The company reported $21.3 million in revenue

In the same quarter a year ago, the company lost $0.07 per share on revenue of $5.4 million.

The stock is up 12.54% to $3.50 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Five Point Holdings Llc Cl A has performed a little above average during the past few months. Before the report, Five Point Holdings Llc Cl A received a Long-Term Technical Rank by InvestorsObserver of 60, putting it in the top half of stocks. The firm set a 52-week low on December 28, 2022 at $1.88 and set a 52-week high on July 28, 2022 at $4.56.

Five Point Holdings LLC is an owner and developer of mixed-use, master-planned communities in California. It is engaged in developing new communities that, in addition to homesites, include commercial, retail, educational and recreational elements, as well as civic areas, parks, and open spaces. Its four reportable segments are Valencia, San Francisco, Great Park, and Commercial. It derives most of the revenue from the Valencia segment which includes the community of Valencia being developed in northern Los Angeles County, California, as well as other lands including remnant commercial, residential, and open space land in Los Angeles County. Its principal source of revenue is the sale of residential and commercial land sites to homebuilders, commercial developers, and commercial buyers.