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Bassett: Fiscal 1Q Earnings Snapshot

BASSETT, Va. (AP) _ Bassett Furniture Industries Inc. (BSET) on Thursday reported fiscal first-quarter net income of $608,000, after reporting a loss in the same period a year earlier.

The Bassett, Virginia-based company said it had net income of 6 cents per share. Earnings, adjusted for pretax expenses, came to 10 cents per share.

The furniture seller posted revenue of $120.8 million in the period.

Bassett shares have dropped 17 percent since the beginning of the year. The stock has decreased 45 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSET at https://www.zacks.com/ap/BSET