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AMREP Corp. - AXR STOCK NEWS

Welcome to our dedicated news page for AMREP (Ticker: AXR), a resource for investors and traders seeking the latest updates and insights on AMREP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AMREP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AMREP's position in the market.

Rhea-AI Summary
AMREP Corporation (AXR) reported a significant decrease in net income for the 2024 fiscal third quarter compared to the prior year. Revenues also declined for the same period. The company recognized non-cash expenses in 2023 affecting the comparison.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
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Rhea-AI Summary
AMREP Corporation (AXR) reports a decrease in net income and revenues for the 2024 fiscal second quarter and first six months compared to the same period of the prior year. Net income for the second quarter was $1,108,000, or $0.21 per diluted share, compared to $3,621,000, or $0.68 per diluted share, for the same period in 2023. Revenues for the second quarter were $8,854,000 compared to $16,149,000 in 2023. For the first six months of 2024, net income was $2,454,000, or $0.46 per diluted share, compared to $5,533,000, or $1.04 per diluted share, in 2023. Revenues for the first six months of 2024 were $19,143,000 compared to $26,856,000 in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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Rhea-AI Summary
AMREP Corporation reports net income of $1,346,000 for Q1 2024, down from $1,912,000 in Q1 2023. Revenues were $10,289,000 for Q1 2024, slightly lower than $10,707,000 in Q1 2023.
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Rhea-AI Sentiment
End-of-Day
2%
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News
Rhea-AI Summary
AMREP Corporation (NYSE:AXR) reported a net income of $21,790,000 for fiscal year 2023, compared to $15,862,000 in 2022, with revenues at $48,676,000 and $58,926,000 respectively. The results for 2023 included a non-cash income tax benefit of $14,149,000 and a non-cash pre-tax pension settlement expense of $7,597,000. The 2022 results included revenue from land and building sales.
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Rhea-AI Sentiment
End-of-Day
-5.95%
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Rhea-AI Summary
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End-of-Day
-1.59%
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Rhea-AI Summary
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End-of-Day
0.91%
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Rhea-AI Sentiment
End-of-Day
2.43%
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End-of-Day
7.5%
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-7.26%
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Rhea-AI Sentiment
End-of-Day
-2.23%
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AMREP Corp.

NYSE:AXR

AXR Rankings

AXR Stock Data

113.07M
3.06M
43.56%
44.3%
0.48%
General Warehousing and Storage
Transportation and Warehousing
Link
United States
Havertown

About AXR

“our suite of services is designed to support customers with an integrated approach to their product fulfillment and marketing program requirements. we appreciate and value the trust our customers place in our team and capabilities, and proudly view our client’s success as our success.” - michael duloc, kable ceo kable puts the pieces together. kable fulfillment provides superior quality and flexible options combined with lower cost solutions, to its customers. headquartered in fairfield, ohio, kable has built long-standing relationships with clients – small to large (fortune 500) helping them meet their customer’s guidelines. in addition to our streamlined, state-of-the art fulfillment solutions, we also offer a variety of co-packaging services: variable work schedules to meet your production demands with our 12 flexible assembly lines. multitude of assembly technologies; such as: automated shrink tunnels, over wrapping, skin packaging and blister packaging. excellent pe