AMREP Q2 fiscal 2024 net income falls to $1.1M from $3.6M YoY; revenue down 45%

AMREP CORP.

2023-Q2 EPS reported $0.46 revenue$19,143,000

Q2 net income $1.1M ($0.21 diluted EPS) vs $3.6M ($0.68) in prior year.
Q2 revenues $8.9M, down from $16.1M YoY.
Six-month net income $2.5M ($0.46 diluted EPS) vs $5.5M ($1.04) in prior year.
Six-month revenues $19.1M vs $26.9M prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMREP CORP. reported three and six month periods ended October 31, 2023 results: revenue $8,854,000 and $19,143,000 for the second quarter and first six months of 2024, net income $1,108,000, or $0.21 per diluted share, EPS $0.21 per diluted share.

Period: three and six month periods ended October 31, 2023
Revenue: $8,854,000 and $19,143,000 for the second quarter and first six months of 2024
Net income: $1,108,000, or $0.21 per diluted share
EPS: $0.21 per diluted share
Result: reported results

Exact text from the filing

AMREP Corporation (NYSE:AXR) today reported net income of $1,108,000, or $0.21 per diluted share, for its 2024 fiscal second quarter ended October 31, 2023 compared to net income of $3,621,000, or $0.68 per diluted share, for the same period of the prior year.

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Source: SEC EDGAR

accession 0001104659-23-125024

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