BASSETT, Va. (AP) — BASSETT, Va. (AP) — Bassett Furniture Industries Inc. (BSET) on Wednesday reported fiscal fourth-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.
The Bassett, Virginia-based company said it had profit of 38 cents per share.
The furniture seller posted revenue of $84.3 million in the period.
For the year, the company reported that its loss widened to $9.7 million, or $1.11 per share. Revenue was reported as $329.9 million.
Bassett shares have increased roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.19, a decrease of 12% in the last 12 months.
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