Amrep (NYSE:AXR) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.43 by 46.51 percent. This is a 68.49 percent decrease over earnings of $0.73 per share from the same period last year. The company reported quarterly sales of $11.024 million which missed the analyst consensus estimate of $12.360 million by 10.81 percent. This is a 1.37 percent decrease over sales of $11.177 million the same period last year.