Hooker Furniture (HOFT) Reports Q1 Loss, Lags Revenue Estimates

Hooker Furniture (HOFT) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...