Recap: Bassett Furniture Indus Q2 Earnings
Portfolio Pulse from Benzinga Insights
Bassett Furniture Indus (NASDAQ:BSET) reported its Q2 earnings, beating estimated earnings by 700.0% with an EPS of $0.24 versus an estimate of $0.03. However, revenue was down $28.19 million from the same period last year. Last quarter, the company missed on EPS by $0.08, which was followed by a 1.0% drop in the share price the next day.
June 29, 2023 | 1:15 pm
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Bassett Furniture Indus significantly beat earnings estimates but reported a decrease in revenue compared to the same period last year.
While the company significantly beat earnings estimates, which is generally a positive signal, the decrease in revenue compared to the same period last year could be a concern for investors. This mixed result may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100