Bassett Furniture Industries Inc Bottom Line Rises 56% In Q4

(RTTNews) - Bassett Furniture Industries Inc (BSET) announced earnings for its fourth quarter that rose compared to the same period last year.

The company said its bottom line rose to $5.68 million, or $0.52 per share. This was higher than $3.65 million, or $0.35 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.51 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 22.0% to $115.56 million. This was up from $94.72 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q4): $5.68 Mln. vs. $3.65 Mln. last year. -Earnings Growth (Y-o-Y): 55.6% -EPS (Q4): $0.52 vs. $0.35 last year. -EPS Growth (Y-o-Y): 48.6% -Analysts Estimate: $0.51 -Revenue (Q4): $115.56 Mln vs. $94.72 Mln last year. -Revenue Change (Y-o-Y): 22.0%