Basset Furniture (BSET) Reports Q4 Earnings: $0.18 PS, Revenue $88.7M

Basset Furniture Industries Inc. (BSET) released fiscal fourth-quarter results Wednesday: net income of $1.5 million, or 18 cents per share, with 23 cents per share after adjusting for asset impairment. Revenue for the quarter totaled $88.7 million. For the full year, the company posted net income of $6.1 million, or 70 cents per share, and revenue of $335.3 million. Shares closed at $15.95, down about 5% year-to-date and up 14% over the past 12 months.