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 the report.
Forestar follows other major Real Estate sector earnings this month
Forestar's report follows an earnings beat by Prologis on October 19, 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 October 27 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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