-+ 0.00%
-+ 0.00%
-+ 0.00%
Clarke swings to Q2 profit of $50.5 million; revenue rises to $34.9 million
Share
Listen to the news
Clarke swings to Q2 profit of $50.5 million; revenue rises to $34.9 million
  • Clarke posted net income of $50.5 million in Q2, turning from a loss of $0.1 million a year earlier.
  • Diluted EPS rose to $3.68 from a loss of $0.01 in the prior-year quarter.
  • Results included a $33.3 million bargain purchase gain, with fair value gains on investment properties of $20 million.
  • Rental and hotel revenue more than doubled to $34.9 million, driven by the Ravelin Properties REIT acquisition.
  • Book value per share climbed 18% during the quarter to $26.01, versus a common share price of $22.32.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clarke Inc. published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending