Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Hooker Furniture Turns To Profit In Q4

RELATED NEWS
Trade HOFT now with 

Hooker Furniture Corp. (HOFT: Quote) reported fourth-quarter net income of $0.6 million or $0.06 per share, compared to a net loss of $0.2 million or $0.02 per share for the year-ago quarter.

Net sales for the quarter declined 1.1 percent to $54.4 million from last year's $55.0 million, due to soft demand at retail and sourcing transitions that delayed shipments of recent ntroductions.

Gross margin increased slightly to 22 percent from 21.8 percent last year.

The company declared a quarterly cash dividend of $0.10 per share, payable on May 25 to shareholders of record at May 11.

Click here to receive FREE breaking news email alerts for Hooker Furniture Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent. Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent. Chinese authorities on Tuesday eased some rules for mortgages for buying a second home, in a bid to boost the housing market. The People's Bank of China and the China Banking Regulatory Commission said in a joint statement that buyers who already own one apartment, but have paid off the mortgage...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.