Amrep Q3 EPS $0.02, Sales $12.69M Up From $9.12M YoY
Portfolio Pulse from Benzinga Newsdesk
Amrep (NYSE:AXR) reported a significant decrease in its quarterly earnings per share (EPS) to $0.02, down from $3.12 YoY, despite a 39.18% increase in sales to $12.69M from $9.12M YoY.
March 08, 2024 | 9:55 pm
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NEGATIVE IMPACT
Amrep reported a drastic decrease in EPS to $0.02 from $3.12 YoY, with sales increasing to $12.69M from $9.12M YoY.
The significant decrease in EPS despite an increase in sales suggests potential underlying issues or increased expenses that could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100