BEVERLY HILLS, Calif. (AP) — BEVERLY HILLS, Calif. (AP) — Kennedy-Wilson Holdings Inc. (KW) on Wednesday reported net income of $40.5 million in its fourth quarter.

The Beverly Hills, California-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 49 cents per share.

The real estate investment and services company posted revenue of $120.6 million in the period.

For the year, the company reported profit of $4.7 million, or 28 cents per share. Revenue was reported as $501 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KW at https://www.zacks.com/ap/KW