Clipper Realty (NYSE:CLPR) reported quarterly earnings of $0.05 per share which missed the analyst consensus estimate of $0.09 by 44.44 percent. This is a 73.68 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $38.115 million which missed the analyst consensus estimate of $39.600 million by 3.75 percent. This is a 3.26 percent decrease over sales of $39.398 million the same period last year.