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Bassett Furniture Industries Inc Announces 10% Rise In Q3 Bottom Line

Bassett Furniture Industries Inc (BSET) reported a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line came in at $4.58 million, or $0.43 per share. This was up from $4.17 million, or $0.38 per share, in last year's third quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.1% to $114.26 million. This was up from $104.71 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q3): $4.58 Mln. vs. $4.17 Mln. last year.
-Earnings Growth (Y-o-Y): 9.8%
-EPS (Q3): $0.43 vs. $0.38 last year.
-EPS Growth (Y-o-Y): 13.2%
-Analysts Estimate: $0.37
-Revenue (Q3): $114.26 Mln vs. $104.71 Mln last year.
-Revenue Change (Y-o-Y): 9.1%

by RTTNews Staff Writer

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