BASSETT, Va. (AP) — BASSETT, Va. (AP) — Bassett Furniture Industries Inc. (BSET) on Wednesday reported fiscal fourth-quarter net income of $1.5 million.
On a per-share basis, the Bassett, Virginia-based company said it had profit of 18 cents. Earnings, adjusted for asset impairment costs, were 23 cents per share.
The furniture seller posted revenue of $88.7 million in the period.
For the year, the company reported net income of $6.1 million, or 70 cents per share, swinging to a profit in the period. Revenue was reported as $335.3 million.
Bassett shares have fallen almost 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.95, an increase of 14% in the last 12 months.
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