Alexander & Baldwin, Inc. (ALEX) reported net income for the first quarter of $5.0 million or $0.12 per share, compared to $2.8 million or $0.07 per share for the year-ago quarter.
Adjusted net income for the latest first quarter rose to $5.0 million or $0.12 per share from $4.0 million or $0.09 per share in the comparable quarter last year.
Total revenue for the quarter rose to $41.5 million from $41.2 million a year ago.
On average, three analysts polled by Thomson Reuters expected the company to earn $0.05 per share on revenue of $39.24 million for the first quarter. Analysts' estimates typically exclude special items.
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