DANBURY, Conn. (AP) _ Ethan Allen Interiors Inc. (ETH) on Monday reported a fiscal third-quarter loss of $223,000, after reporting a profit in the same period a year earlier.
The Danbury, Connecticut-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, came to 2 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 2 cents per share.
The home furnishings company posted revenue of $149.8 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $150 million.
Ethan Allen shares have dropped 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.57, a decline of 49% in the last 12 months.