Ethan Allen: Fiscal 2Q Earnings Snapshot
Ethan Allen: Fiscal 2Q Earnings Snapshot
DANBURY, Conn. (AP) _ Ethan Allen Interiors Inc. (ETH) on Monday reported fiscal second-quarter earnings of $12.2 million.
The Danbury, Connecticut-based company said it had profit of 45 cents per share. Earnings, adjusted for pretax expenses, were 46 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.
The home furnishings company posted revenue of $197.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $201.8 million.
Ethan Allen shares have increased roughly 7 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.75, a decline of 28 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETH at https://www.zacks.com/ap/ETH