Bassett Furniture gains after smaller-than-feared loss

Bassett Furniture Industries

28/09/2023 17:43

** Shares of Bassett Furniture  BSET.O  rise 2.4% to $14.49
    ** Co reports Q3 loss of 30 cents/shr vs analysts' average
estimate of 59 cents/shr - LSEG data
    ** The home furniture manufacturer, however, warned of
challenges for both its wholesale and retail businesses
    ** "Although we continue to see increased business around
the important holiday events, day-to-day store traffic and
wholesale order writing between the big events remain very
challenging," CEO Robert Spilman says
    ** Stock down 17% this year, including session's moves

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))