Alexander & Baldwin Q3 Profit Down

(RTTNews) - Alexander & Baldwin Inc. (ALEX) Thursday reported third-quarter net income of $4.4 million or $0.10 per share, down from $13.4 million or $0.31 per share last year.

Adjusted net income for the third quarter was $5.6 million or $0.13 per share, compared to $13.8 million or $0.32 per share last year.

Total revenues for the quarter was $72.2 million, down from $91.3 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.12 per share on revenues of $92.79 million for the quarter. Analysts' estimates typically exclude special items.