Bassett Furniture Indus Q3 EPS $(0.30) Beats $(0.58) Estimate, Sales $87.22M Beat $86.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Indus (NASDAQ:BSET) reported Q3 losses of $(0.30) per share, beating the analyst consensus estimate of $(0.58) by 48.28%. This is a 135.71% decrease over earnings of $0.84 per share from the same period last year. The company also reported quarterly sales of $87.22 million, beating the analyst consensus estimate of $86.95 million by 0.31%. This is a 26.09% decrease over sales of $118.01 million the same period last year.
September 28, 2023 | 1:04 pm
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Bassett Furniture Indus reported better than expected Q3 earnings and sales, but both figures are significantly lower than the same period last year.
While Bassett Furniture Indus beat Q3 estimates, the significant decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates.
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IMPORTANCE 80
RELEVANCE 100