By Kelly Cloonan
Shares of Amrep declined after the company logged lower revenue in its latest fiscal year.
The stock fell 6.4% to $22.21 in after-hours trading on Friday. Shares have fallen 24% year to date through market close.
The real estate developer on Friday posted a profit of $12.7 million, or $2.37 a share, for the 12 months ended April 30, compared with $6.7 million, or $1.25 a share, a year earlier.
Revenue fell to $49.7 million compared with $51.4 million a year ago.
Amrep had previously been on track for higher revenue over the period, reporting sales of $38.5 million for the first nine months of the fiscal year compared to $31.8 million in the year-ago period.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
July 25, 2025 17:38 ET (21:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。