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Howard Hughes Corp.'s Earnings Slip Due to the Timing of Condo Sales

TheMotleyFool

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Howard Hughes Corp.'s Earnings Slip Due to the Timing of Condo Sales

Howard Hughes (NYSE: HHC) is in a bit of a transitional phase right now because the company is wrapping up construction on the first phase of its condo development in Hawaii, which had driven earnings in recent quarters. Consequently, results in the third-quarter slipped against the year-ago period. However, that masked the fact that the company's other segments performed well, led by continued income growth from its operating assets, which should help reduce earnings volatility going forward.

Metric

Q3 2017

Source: Fool.com