BASSETT, Va. (AP) — BASSETT, Va. (AP) — Bassett Furniture Industries Inc. (BSET) on Wednesday reported fiscal third-quarter net income of $801,000, after reporting a loss in the same period a year earlier.
The Bassett, Virginia-based company said it had net income of 9 cents per share.
The furniture seller posted revenue of $80.1 million in the period.
Bassett shares have increased 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.90, a climb of 16% in the last 12 months.
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