Bassett Furniture Industries Inc Profit Retreats 11% In Q1

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

The company said its profit came in at $2.86 million, or $0.27 per share. This was lower than $3.23 million, or $0.30 per share, in last year's first quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.9% to $105.89 million. This was down from $106.87 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q1): $2.86 Mln. vs. $3.23 Mln. last year. -Earnings Decline (Y-o-Y): -11.5% -EPS (Q1): $0.27 vs. $0.30 last year. -EPS Decline (Y-o-Y): -10.0% -Analysts Estimate: $0.29 -Revenue (Q1): $105.89 Mln vs. $106.87 Mln last year. -Revenue Change (Y-o-Y): -0.9%