Ethan Allen Interiors Inc. (ETH) Tuesday reported third-quarter net income of $4.4 million or $0.15 per share, compared to $27.5 million or $0.94 per share in the previous year period.
Adjusted earnings were $6.07 million or $0.21 per share, compared to $3.98 million or $0.14 per share in the comparable quarter last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the latest third quarter were $168.14 million, down from $175.86 million last year, while five analysts expected revenues of $180.17 million.
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