Stanley Furniture Co. Inc. (STLY) reported a net loss of $5.1 million or $0.49 per share for the third quarter, compared to a loss of $3.5 million or $0.34 per share in the year-ago quarter.
Adjusted net income was $4.4 million or $0.43 per share, compared to a loss of $695,000 or $0.07 per share in the year-ago quarter.
Net sales for the quarter decreased 29.4% to $38.5 million from $54.5 million in the third quarter of 2008.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share on revenue of $40.13 million for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.