Bassett Furniture Industries Inc Announces 89% Increase In Q3 Bottom Line

(RTTNews) - 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 advanced to $4.27 million, or $0.39 per share. This was higher than $2.26 million, or $0.21 per share, in last year's third quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 30.3% to $111.01 million. This was up from $85.19 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q3): $4.27 Mln. vs. $2.26 Mln. last year.
-Earnings Growth (Y-o-Y): 88.9%
-EPS (Q3): $0.39 vs. $0.21 last year.
-EPS Growth (Y-o-Y): 85.7%
-Analysts Estimate: $0.26
-Revenue (Q3): $111.01 Mln vs. $85.19 Mln last year.
-Revenue Change (Y-o-Y): 30.3%