Investing.com - Bassett reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Bassett announced earnings per share of $0.84 on revenue of $118.01M. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $119.67M.
Bassett shares are up 3% from the beginning of the year , still down 33.25% from its 52 week high of $24.12 set on Monday, July 18, 2022.
Bassett shares lost 2.25% in intra-day trade the report.
Bassett follows other major Consumer Discretionary sector earnings this month
Bassett's report follows an earnings beat by AutoZone on Monday, September 19, 2022, who reported EPS of $40.51 on revenue of $5.3B, compared to forecasts EPS of $38.51 on revenue of $5.15B.
Lululemon Athletica had beat expectations on Thursday, September 1, 2022 with second quarter EPS of $2.2 on revenue of $1.87B, compared to forecast for EPS of $1.86 on revenue of $1.77B.
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