Bassett Furniture eyes best day in a decade on unit deal, Q4 beat

Bassett Furniture Industries

31/01/2022 15:01

** Shares of the maker and retailer of home furnishing
 BSET.O  jump 27% to $17.5, heading for their best day since
2011
    ** Trucking and logistics firm J.B. Hunt Transport Services
 JBHT.O  announces it is acquiring the assets of Zenith Freight
Lines, a subsidiary of BSET, for approx. $87 mln  urn:newsml:reuters.com:*:nBw9f4K9Ma
    ** Additionally, BSET posts Q4 results, recording sales beat
of Q4 revenue $129.9 mln compared with estimates of $122.47 mln,
as per Refinitiv data
    ** Also logs EPS of 52 cents versus estimates of 45 cents,
according to Refinitiv data  urn:newsml:reuters.com:*:nGNX8LfjcS
    ** JBH slips 1% 
    ** BSET fell ~17% last year
    

 (Reporting by Anisha Sircar in Bengaluru)
 ((Anisha.Sircar@thomsonreuters.com;))