Bassett Furniture Industries Inc Reports 11% Retreat In Q4 Bottom Line

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

The company said its earnings totaled $5.05 million, or $0.47 per share. This was lower than $5.68 million, or $0.52 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 1.5% to $113.79 million. This was down from $115.56 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q4): $5.05 Mln. vs. $5.68 Mln. last year. -Earnings Decline (Y-o-Y): -11.1% -EPS (Q4): $0.47 vs. $0.52 last year. -EPS Decline (Y-o-Y): -9.6% -Revenue (Q4): $113.79 Mln vs. $115.56 Mln last year. -Revenue Change (Y-o-Y): -1.5%