Bassett Furniture Indus Q1 2024 GAAP EPS $(0.14) Misses $0.01 Estimate, Sales $86.554M Miss $90.890M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Industries (BSET) reported a Q1 2024 GAAP EPS of $(0.14), missing the $0.01 estimate, and sales of $86.554M, missing the $90.890M estimate. This represents a 19.63% decrease in sales compared to the same period last year.
April 03, 2024 | 1:09 pm
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Bassett Furniture Industries reported a significant miss in both EPS and sales for Q1 2024, with a 19.63% decrease in sales year-over-year.
Missing both EPS and sales estimates significantly, especially with a double-digit percentage decrease in sales compared to the previous year, is likely to negatively impact investor sentiment and the stock price of BSET in the short term.
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