Hooker Furnishings Q3 EPS $0.65 Beats $0.25 Estimate, Sales $116.83M Beat $116.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings (NASDAQ:HOFT) reported Q3 earnings of $0.65 per share, surpassing the $0.25 estimate by 160%, and a 54.76% increase from the previous year. Sales reached $116.83M, slightly above the $116.26M estimate but down 22.92% from last year.
December 07, 2023 | 11:03 am
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Hooker Furnishings reported strong Q3 earnings, beating EPS estimates significantly and reporting sales that marginally exceeded expectations.
The substantial beat on both earnings per share and sales estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decrease in sales compared to last year might temper the market's reaction.
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IMPORTANCE 90
RELEVANCE 100