Investing.com - Forestar reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Forestar announced earnings per share of $1.02 on revenue of $381.4M. Analysts polled by Investing.com anticipated EPS of $0.51 on revenue of $289.77M.
Forestar shares are down 0.45% from the beginning of the year and are trading at $12.89 , down-from-52-week-high.
Forestar shares gained 11.12% in intra-day trade following the report.
Forestar follows other major Real Estate sector earnings this month
Forestar's report follows an earnings beat by Prologis on Wednesday, October 19, 2022, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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