Shareholders were provided with a glimpse of Bassett Furniture Industries, Inc’s (NASDAQ: BSET) performance in the third quarter as the company disclosed its earnings after the close of markets.
The quarterly report indicates that the business suffered a loss of $0.52 per share, alongside total revenues amounting to $75.62 million for the corresponding three-month period.
The achieved results fell short of the market projected $0.38 loss per share derived from the revenue of $80.07 million.
In contrast to the identical quarter of last year revenues contracted 13.3 percent.
Additionally, the Company’s Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024.
During the trading day, Bassett Furniture Indus (BSET) shares reached a low of $14.48 and a high of $14.95, along with a total volume of 29.80 thousand shares. The stock ended the regular trading session at $14.70, indicating an advance of 1.17 percent.
