Forestar Group reports rise in third-quarter income

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Forestar Group Inc. announced an increase in third-quarter profit. Net income rose to $35.9 million, or $0.70 per share, from $32.9 million, or $0.65 per share, in the same period last year. Revenue grew 4.2% to $407.0 million from $390.5 million a year earlier. The company issued full-year revenue guidance of $1.6 billion to $1.7 billion.

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Forestar Group reported higher net income and revenue, and issued revenue guidance.

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