Bassett Furniture Indus Q3 2024 GAAP EPS $(0.52) Misses $(0.38) Estimate, Sales $75.62M Miss $80.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Industries reported a Q3 2024 GAAP EPS of $(0.52), missing the $(0.38) estimate, and sales of $75.62M, missing the $80.07M estimate. This represents a significant decline in both earnings and sales compared to the previous year.
October 09, 2024 | 9:30 pm
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Bassett Furniture Industries reported disappointing Q3 2024 results with a GAAP EPS of $(0.52), missing the $(0.38) estimate, and sales of $75.62M, missing the $80.07M estimate. Both earnings and sales have declined significantly compared to the previous year.
The company's earnings per share and sales both missed analyst estimates, indicating weaker than expected financial performance. The significant year-over-year decline in both metrics suggests potential challenges in the company's operations or market conditions, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100