Nova Lifestyle, Inc. Revises Earnings Guidance for the Fourth Quarter Ended December 31, 2017
January 22, 2018 at 12:45 pm
Share
Nova Lifestyle, Inc. revised earnings guidance for the fourth quarter ended December 31, 2017. For the period, the company anticipates reporting earnings per share of approximately $0.14 - $0.16 in the fourth quarter of 2017, an increase from the company’s previous guidance of $0.11- $0.13 per share. Net income expected to be approximately $1.3 million per month or in the range of $3.8 million - $4.3 million for the 4th quarter, a significant increase from the same period last year. The company expects expanded profit margins across nearly all product lines.
Nova LifeStyle, Inc. is a designer and distributor of modern lifestyle furniture, primarily sofas, dining room furniture, cabinets, office furniture and related components, bedroom furniture and various accessories, in matching collections. The Companyâs product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Its products feature urban and contemporary styles, combining comfort and functionality in matching furniture collections and upscale luxury pieces appealing to lifestyle-conscious middle and upper middle-income consumers. Its product lines feature upholstered, wood and metal-based furniture pieces. It classifies its products by room, designation or series, such as living room, dining room, bedroom and home office series, and by category or product types, such as sofas, chairs, dining tables, beds, entertainment consoles, cabinets and cupboards. It also sells physiotherapeutic jade mats for use in therapy clinics, hospitality, and real estate projects.
NOVA LIFESTYLE, INC. 
