Hooker Furniture Corporation (HOFT) Releases Earnings Results, Misses Expectations By $-0.24 EPS

Hooker Furniture Corporation (HOFT) reported quarterly earnings results on Tuesday, Jun-7-2016. The company reported $0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.24. Analysts had a consensus of $0.46. The company posted revenue of $121.80 million in the period, compared to analysts expectations of $124.80 million. The company’s revenue was up 99.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on Hooker Furniture Corporation. Hooker Furniture Corporation was Downgraded by BB&T Capital Mkts to ” Hold” on Mar 23, 2016.

Hooker Furniture Corporation closed down -0.04 points or -0.16% at $24.53 with 74,077 shares getting traded on Friday. Post opening the session at $24.52, the shares hit an intraday low of $24.36 and an intraday high of $24.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Hooker Furniture Corporation is a home furnishings marketing design and logistics company offering sourcing of residential casegoods and upholstery as well as domestically-produced custom leather and fabric-upholstered furniture. The Company’s segments are casegoods furniture upholstered furniture and all other. Its casegoods product categories include accents home office dining bedroom and home entertainment furniture under the Hooker Furniture brand. Its residential upholstered seating companies include Bradington-Young a specialist in upscale motion and stationary leather furniture and Sam Moore Furniture a specialist in upscale occasional chairs settees sofas and sectional seating with a focus on cover-to-frame customization. It also markets a line of imported leather upholstery under the Hooker Upholstery trade name. It caters to retailers of residential home furnishings.

Hooker Furniture Corporation

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