Haverty Furniture Cos Q4 2023 GAAP EPS $0.90 Misses $0.99 Estimate, Sales $210.74M Miss $232.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Haverty Furniture Cos (HVT) reported Q4 2023 earnings of $0.90 per share, missing the consensus estimate of $0.99 by 9.09%. Quarterly sales were $210.74M, below the estimate of $232.84M by 9.49%, marking a 24.88% decrease from the same period last year.

February 21, 2024 | 9:25 pm
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Haverty Furniture Cos reported lower than expected Q4 2023 earnings and sales, missing estimates and showing a significant year-over-year decline.
Missing both earnings and sales estimates, especially with a significant year-over-year sales decline, typically leads to negative investor sentiment and could result in a short-term decrease in stock price. The magnitude of the miss and the comparison to the previous year's performance are critical factors influencing this analysis.
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