Bassett Furniture Industries Swings to Fiscal Q1 Profit, Net Sales Decrease

MT Newswires Live
04-03

Bassett Furniture Industries (BSET) reported fiscal Q1 earnings late Wednesday of $0.21 per diluted share, compared with a loss of $0.14 a year earlier.

Two analysts polled by FactSet expected earnings of $0.03.

Net sales for the quarter ended March 1 were $82.2 million, down from $86.6 million a year earlier.

Two analysts surveyed by FactSet expected $79.6 million.

Shares of the company rose 3.1% in recent after-hours activity.

Price: 16.10, Change: +0.48, Percent Change: +3.07

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