Bassett Furniture Industries Inc Bottom Line Retreats 2% In Q3

(RTTNews) - Bassett Furniture Industries Inc (BSET) announced a profit for third quarter that lost ground compared to the same period last year.

The company said its bottom line fell to $4.17 million, or $0.38 per share. This was lower than $4.27 million, or $0.39 per share, in last year's third quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.7% to $104.71 million. This was down from $111.01 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q3): $4.17 Mln. vs. $4.27 Mln. last year. -Earnings Decline (Y-o-Y): -2.3% -EPS (Q3): $0.38 vs. $0.39 last year. -EPS Decline (Y-o-Y): -2.6% -Analysts Estimate: $0.39 -Revenue (Q3): $104.71 Mln vs. $111.01 Mln last year. -Revenue Change (Y-o-Y): -5.7%