PANAMA CITY BEACH, Fla. (AP) — PANAMA CITY BEACH, Fla. (AP) — The St. Joe Co. (JOE) on Wednesday reported profit of $13.9 million in its first quarter.

On a per-share basis, the Panama City Beach, Florida-based company said it had profit of 24 cents.

The real estate development company posted revenue of $87.8 million in the period.

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