Bassett Furniture Industries Inc Profit Drops 2% In Q4

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

The company said its profit fell to $4.97 million, or $0.46 per share. This was down from $5.05 million, or $0.47 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.9% to $118.22 million. This was up from $113.79 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q4): $4.97 Mln. vs. $5.05 Mln. last year. -Earnings Decline (Y-o-Y): -1.6% -EPS (Q4): $0.46 vs. $0.47 last year. -EPS Decline (Y-o-Y): -2.1% -Analysts Estimate: $0.52 -Revenue (Q4): $118.22 Mln vs. $113.79 Mln last year. -Revenue Change (Y-o-Y): 3.9%