Bassett Furniture Industries Inc Reveals 72% Increase In Q2 Profit

(RTTNews) - Bassett Furniture Industries Inc (BSET) revealed a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line totaled $5.84 million, or $0.54 per share. This was higher than $3.39 million, or $0.31 per share, in last year's second quarter.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.0% to $114.13 million. This was up from $106.67 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q2): $5.84 Mln. vs. $3.39 Mln. last year. -Earnings Growth (Y-o-Y): 72.3% -EPS (Q2): $0.54 vs. $0.31 last year. -EPS Growth (Y-o-Y): 74.2% -Analysts Estimate: $0.36 -Revenue (Q2): $114.13 Mln vs. $106.67 Mln last year. -Revenue Change (Y-o-Y): 7.0%