Bassett Furniture Industries Inc Reveals Retreat In Q2 Profit

(RTTNews) - Bassett Furniture Industries Inc (BSET) reported earnings for second quarter that decreased from the same period last year.

The company's bottom line totaled $4.29 million, or $0.40 per share. This compares with $5.84 million, or $0.54 per share, in last year's second quarter.

Analysts had expected the company to earn $0.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $116.98 million from $114.13 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q2): $4.29 Mln. vs. $5.84 Mln. last year. -EPS (Q2): $0.40 vs. $0.54 last year. -Analysts Estimate: $0.40 -Revenue (Q2): $116.98 Mln vs. $114.13 Mln last year.