Bassett Furniture Industries Inc Q1 Earnings Decline 46%

(RTTNews) - Bassett Furniture Industries Inc (BSET) released a profit for first quarter that decreased from last year.

The company said its bottom line declined to $3.23 million, or $0.30 per share. This was lower than $5.96 million, or $0.56 per share, in last year's first quarter.

The company said revenue for the quarter rose 15.1% to $106.87 million. This was up from $92.81 million last year.

Bassett Furniture Industries Inc earnings at a glance:

-Earnings (Q1): $3.23 Mln. vs. $5.96 Mln. last year. -Earnings Decline (Y-o-Y): -45.8% -EPS (Q1): $0.30 vs. $0.56 last year. -EPS Decline (Y-o-Y): -46.4% -Revenue (Q1): $106.87 Mln vs. $92.81 Mln last year. -Revenue Change (Y-o-Y): 15.1%