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 services. The 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.