BASSETT, Va. (AP) _ Bassett Furniture Industries Inc. (BSET) on Tuesday reported fiscal fourth-quarter net income of $5 million.
On a per-share basis, the Bassett, Virginia-based company said it had profit of 55 cents. Earnings, adjusted to account for discontinued operations, were 61 cents per share.
The furniture seller posted revenue of $121 million in the period.
For the year, the company reported profit of $65.3 million, or $6.96 per share. Revenue was reported as $485.6 million.
Bassett shares have risen 4% since the beginning of the year. The stock has climbed 34% in the last 12 months.
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