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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100