Amrep Q2 EPS $0.22 Misses $0.44 Estimate, Sales $9.398M Miss $14.970M Estimate

Amrep (NYSE:AXR) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.44 by 50 percent. This is a 70.67 percent decrease over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $9.398 million which missed the analyst consensus estimate of $14.970 million by 37.22 percent. This is a 21.07 percent decrease over sales of $11.906 million the same period last year.