AMREP Fiscal Q1 Earnings, Revenue Fall

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AMREP (AXR) reported fiscal Q1 net income late Friday of $0.05 per diluted share, down from $0.87 a year earlier.

One analyst polled by FactSet expected $0.44.

Revenue for the quarter ended July 31 was $6.1 million, down from $17.9 million a year earlier.

One analyst surveyed by FactSet expected $14.3 million.

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