Bassett Furniture Industries Inc

Noticias y eventos de Bassett Furniture Industries Inc (BSET)

$21.470

+0.243 (+1.13%)Al cierre

Noticias de BSET

Eventos de BSET

9/30 19:30

S&P 500 Falls for Third Straight Day

S&P 500 fell for the third straight day as investor enthusiasm over the possibility of a less aggressive Federal Reserve following today's benign PCE inflation data was reversed into the close.  While the Fed's preferred measure of inflation dented expectations of another rate hike in October, the impact down the Treasury yield curve was non-existent as the 10-year and the 30-year rates saw fresh multi-year highs at 5.30% and 5.65% respectively.  Tech was the only sector to end Wednesday in the green as mega-cap names buffered sentiment, while Consumer Staples, Real Estate, and Healthcare underperformed.Index futures are slightly higher in the opening hour of the evening session, with S&P e-minis and Nasdaq 100 contracts both up 0.2%.  Traders are watching the neutral market reaction to Q4 earnings out of Micron- the company exceeded estimates on both earnings and revenue and guided Q1 well above consensus on both the top and the bottom line.  However, the management also warned that its capex plans for FY27 are higher than the company's prior projections.  In Q4, Micron's capex of $10.77B was up from $7.1B in Q3 and up 119% y/y.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Bassett Furniture Industriesup 8.5%ALSO HIGHER -Monte Rosa Therapeuticsup 15.3% after announcing presentation of MRT-8102 GFORCE-1 Phase 1 StudyVicorup 8.9% after Q3 pre-announcementInogenup 6.7% after announcing plans to divest U.S. oxygen rental business and increase buybackNu Holdings Ltd.up 5.6% after denying reports of Monzo transactionRogersup 2.6% after medium-term outlookDOWN AFTER EARNINGS -Progress Softwaredown 1.8%Micron Technologydown 0.2%

9/30 16:30

Company Reports Q3 Revenue of $82.84M, Below Expectations

Reports Q3 revenue $82.84M, consensus $83.05M. Rob Spilman, CEO, said, "Looking forward, we're continuing to execute our plan that is focused on growing sales and profitability, as well as improving operating efficiency. We plan to be more aggressive on Black Friday promotions to drive traffic at retail and via the website. As for challenges, housing slowness and even higher mortgage rates remain a drag on our industry. We're watching the impact of global issues on our business and are optimistic that we can effectively manage through these challenges in the fourth quarter."

7/1 16:30

Bassett Reports Q2 Revenue of $83.75M, Beating Consensus

Reports Q2 revenue $83.75M, consensus $83.32M. The company said, "We remain focused on implementing meaningful strategies to strengthen Bassett's performance while we weather the continued soft housing market. Operating profit on an adjusted basis improved in the second quarter on slightly lower consolidated revenue. Retail business was stronger as we moved through the quarter, and Bassett's Memorial Day event resulted in a 14% increase in written sales and 4% more traffic than last year. We saw these retail trends continue into June, which is a good start for the third quarter. Total written sales were up 9.5% and wholesale orders rose 5.2% for the second quarter."

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