BASSETT, Va. (AP) — BASSETT, Va. (AP) — Bassett Furniture Industries Inc. (BSET) on Wednesday reported fiscal first-quarter net income of $1.1 million.
On a per-share basis, the Bassett, Virginia-based company said it had profit of 13 cents.
The furniture seller posted revenue of $80.3 million in the period.
Bassett shares have fallen 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.21, a decrease of slightly more than 6% in the last 12 months.
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