Bassett Furniture Indus Q2 EPS $0.24 Down From $0.81 YoY, Sales $100.50M Miss $102.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Indus (NASDAQ:BSET) reported Q2 earnings of $0.24 per share, a 70.37% decrease YoY. The company also reported quarterly sales of $100.50 million, missing the analyst consensus estimate of $102.89 million by 2.32%. This represents a 21.92% decrease in sales compared to the same period last year.
June 29, 2023 | 1:05 pm
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NEGATIVE IMPACT
Bassett Furniture's Q2 earnings and sales fell short of estimates, indicating a potential negative impact on the company's stock.
Bassett Furniture's earnings and sales for Q2 have both decreased significantly compared to the same period last year, and have also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100