Dec. 16 at 5:40 PM
$AXR stumbles with a 70.3% drop in Q2 net income β whatβs weighing down the stock? π
π€οΈ Land sale revenues plummeted 85.9%, pulling down overall performance despite a 44.8% rise in home sales.
π Operating income took a hit, sliding 64.4% due to cost pressures and fewer land transactions, though partially offset by stronger homebuilding results.
Explore the challenges and strategies AXR is navigating here π https://www.zacks.com/stock/news/2805188/amrep-stock-dips-post-q2-earnings-as-land-sales-slide-margins-improve?cid=sm-stocktwits-2-2805188-body-25086&ADID=SYND_STOCKTWITS_TWEET_2_2805188_BODY_25086