Hooker Furniture Corporation (HOFT) Releases Earnings Results, Beats Expectations By $0.04 EPS

Hooker Furniture Corporation (HOFT) announced its most recent quarterly financial results on Thursday, Sep-8-2016. HOFT said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.42. The company posted revenue of $136.20 million in the period, compared to analysts expectations of $144.40 million. HOFT’s revenue was up 126.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Hooker Furniture Corporation opened for trading at $24.01 and hit $24.4191 on the upside on Wednesday, eventually ending the session at $24.35, with a gain of 1.12% or 0.27 points. The heightened volatility saw the trading volume jump to 70,142 shares. Company has a market cap of $281 M.

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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