Bassett Furniture (BSET) Reports Q1 Loss, Lags Revenue Estimates

Bassett Furniture (BSET) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,500%. A quarter ago, it was expected that this furniture seller would post a loss of $0.06 per share when it actually produced earnings of $0.15, delivering a surprise of 350%.Over the last four quarters, the company has su ...