ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — Forestar Group Inc. (FOR) on Thursday reported profit of $59.2 million in its fiscal fourth quarter.

The Arlington, Texas-based company said it had profit of $1.15 per share.

The real estate and natural resources developer posted revenue of $580.8 million in the period.

For the year, the company reported profit of $142.6 million, or $2.78 per share. Revenue was reported as $1.64 billion.

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