Flexsteel: Falls on weak Q4 results

Flexsteel Industries

24/08/2018 16:47

** Furniture's shares  FLXS.O  fall as much as 14.6 pct to
hit near 3-year low of $33.08 after posting lower quarterly
revenue, profit
    ** Stock, last down 9.3 pct, was among the top pct losers
across U.S. exchanges 
    ** Quarter hurt by lower sales of its residential business;
margins fell to 15.1 pct from 22.8 pct in the year-ago quarter
 urn:newsml:reuters.com:*:nBw1vWfvpa
    ** FLXS has lost ~25 pct this year

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))