Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Stratus Properties Slips To Loss In Q4

Stratus Properties Inc. (STRS: Quote) reported a fourth-quarter net loss attributable to common stock of $4.3 million, $0.57 per share, compared to net income of $0.4 million, $0.06 per share, for fourth-quarter 2010. Total cost of sales increased to $30.63 million from $1.75 million in the same quarter last year.

Revenues for the quarter jumped to $28.57 million from $1.92 million in the prior year quarter.

For the year 2011, Stratus reported a net loss attributable to common stock of $10.4 million, $1.39 per share, compared with a net loss of $15.3 million, $2.05 per share, for the year 2010. The loss for the year 2010 includes a charge of $10.5 million, $1.41 per share, to establish valuation allowances against net deferred tax assets. Total cost of sales increased to $128.70 million from $9.53 million in the prior year.

Revenues for the year surged to $137.04 million from $5.66 million last year.

Click here to receive FREE breaking news email alerts for Stratus Properties Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
With trading resuming following the long, holiday weekend, stocks showed a lack of direction throughout the trading session on Tuesday before ending the day mixed. The markets largely held on to the bulk of their recent gains. The Islamic State (IS), a Sunni extremist group previously known as Islamic State of Iraq and the Levant (ISIL), has released a video purporting to show the beheading of US journalist Steven Sotloff, media reports said Tuesday. According to reports, the video also showed a masked man threatening to execute a British man named David Haines. He also warned governments to stay away "this evil allian Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.