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Natuzzi posts 4Q profit

BARI, Italy (AP) _ Natuzzi SpA (NTZ) on Thursday reported fourth-quarter net income of $540,000, after reporting a loss in the same period a year earlier.

The Bari, Italy-based company said it had profit of 1 cent per share.

The furniture maker posted revenue of $134.5 million in the period.

For the year, the company reported that its loss narrowed to $6.8 million, or 12 cents per share. Revenue was reported as $506 million.

In the final minutes of trading on Thursday, the company's shares hit $2.75. A year ago, they were trading at $1.46.


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


Keywords: Natuzzi, Earnings Report