PANAMA CITY BEACH, Fla. (AP) _ The St. Joe Co. (JOE) on Wednesday reported fourth-quarter earnings of $31.9 million.

The Panama City Beach, Florida-based company said it had net income of 54 cents per share.

The real estate development company posted revenue of $99.5 million in the period.

For the year, the company reported profit of $74.5 million, or $1.27 per share. Revenue was reported as $267 million.

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