Why Five Point Shares Closed Higher Today

Why Five Point Shares Closed Higher Today

Five Point FPH shares traded higher on Friday after the company reported Q4 earnings results.

The company reported revenues of $17.0 million for the three months ended December 31, 2022, primarily generated from management servicesThe company reported quarterly earnings of $0.15 per share. 

Consolidated net income for the quarter was $22.5 million.

Five Point is an owner and developer of large mixed-use planned communities in California.

FPH Price Action: Five Point has a 52-week high of $6.54 and a 52-week low of $1.88.

Five Point shares closed up 14.1% at $2.75, according to Benzinga Pro.

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