Stratus Properties Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 3.09 million compared to USD 5.38 million a year ago. Revenue was USD 9.98 million compared to USD 6.27 million a year ago. Net loss was USD 2.36 million compared to USD 3.76 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to USD 0.27 a year ago. Basic loss per share was USD 0.29 compared to USD 0.46 a year ago. Diluted loss per share was USD 0.29 compared to USD 0.46 a year ago.
For the nine months, sales was USD 9.37 million compared to USD 15.06 million a year ago. Revenue was USD 24.2 million compared to USD 23.27 million a year ago. Net income was USD 96.53 million compared to net loss of USD 4.98 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.6 a year ago. Basic earnings per share was USD 11.68 compared to basic loss per share of USD 0.61 a year ago. Diluted earnings per share was USD 11.5 compared to diluted loss per share of USD 0.61 a year ago.