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Bassett: Fiscal 4Q Earnings Snapshot

BASSETT, Va. (AP) _ Bassett Furniture Industries Inc. (BSET) on Thursday reported fiscal fourth-quarter profit of $1.9 million.

On a per-share basis, the Bassett, Virginia-based company said it had net income of 18 cents. Earnings, adjusted for one-time gains and costs, were 17 cents per share.

The furniture seller posted revenue of $116.6 million in the period.

For the year, the company reported profit of $8.2 million, or 77 cents per share. Revenue was reported as $456.9 million.

Bassett shares have risen roughly 7 percent since the beginning of the year. The stock has declined 40 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