AMREP (AXR) reported fiscal Q1 earnings late Tuesday of $0.87 per diluted share, up from $0.76 a year earlier.
A lone analyst polled by FactSet expected $0.38.
Revenue in the three months ended July 31 fell to $17.9 million from $19.1 million a year earlier.
A single analyst surveyed by FactSet expected $13.9 million.