logo
Share SHARE
FONT-SIZE Plus   Neg

AMREP Corp. Slips To Loss In Q3

AMREP Corporation (AMR) reported Friday a third-quarter net loss of $0.3 million or $0.05 per share, compared to net income of $1.3 million or $0.21 per share last year.

Results for the quarter included a tax benefit of $0.4 million or $0.06 per share, compared to a benefit of $0.8 million or $0.13 per share last year.

Revenues for the quarter declined to $21.4 million from $23.8 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Facebook founder and CEO Mark Zuckerberg said he is not running for public office, amid rising speculation that his plans for traveling the U.S. indicated he is gearing up for a future presidential run. Ford Motor Co. (F) announced the replacement of President and CEO Mark Fields with Jim Hackett, who heads its automotive vehicle subsidiary. The company said, Fields, who served Ford for the last 28 years, opted to retire. Hong Kong flag carrier Cathay Pacific Airways Limited announced Monday around 600 job cuts in its head office, reportedly its biggest headcount reduction in almost twenty years. Cathay Pacific will cut around 25 percent of management roles and 18 percent of non-managerial positions at its headquarters.
comments powered by Disqus
Follow RTT