AXR Stock Dips After Reporting Q2 Earnings, Revenues Surge Y/Y

Shares of AMREP Corporation (AXR) have lost 6.8% since the company reported its earnings for the quarter ended Oct. 31, 2024, underperforming the S&P 500 Index’s 3.7% decline over the same period. Over the past month, AXR shares have plunged 9.1% compared with the 4.7% loss of the S&P 500, reflecting broader challenges in the company's operational environment.Revenue and Earnings GrowthAMREP reported total revenues of $11.9 million for the three months ended Oct. 31, 2024, a 34.5% year-over-year increase fr ...