Stanley Furniture Co. (STLY) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Stanley Furniture Co. (STLY) reported quarterly earnings results on Monday, Jul-25-2016. The company reported $-0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $-0.01. The company posted revenue of $12.05 million in the period, compared to analysts expectations of $14.68 million. The company’s revenue was down -20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Stanley Furniture Co. closed down -0.01 points or -0.40% at $2.52 with 3,763 shares getting traded on Wednesday. Post opening the session at $2.57, the shares hit an intraday low of $2.51 and an intraday high of $2.57 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 27, 2016, Jeffrey Stuart Gilliam (director) purchased 5,000 shares at $2.70 per share price. According to the SEC, on Feb 29, 2016, Michael P Haley (director) purchased 3,383 shares at $2.44 per share price. On Aug 3, 2015, John D. Lapey (director) purchased 22,790 shares at $3.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Stanley Furniture Company Inc. is a design marketing and sourcing resource in the wood residential furniture market. The Company distributes and markets its Stanley Furniture brand through a network of retailers and interior designers around the world. The Company’s products are marketed as wood residential home furnishings and include a range of offerings for the home including dining bedroom living room home office and home entertainment and accent items. The Company provides products in a range of wood species and finishes. The Company sells its furniture mainly through independent sales representatives to a range of wholesale customers such as owner-operated furniture stores interior design and architecture professionals decorators specialty retailers regional furniture chains buying clubs and e-commerce retailers. The Company’s product is sourced from independently owned factories in Southeast Asia primarily in Indonesia and Vietnam.

Stanley Furniture Co.

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