Hooker Furniture: Net Loss, Positive Adjusted Earnings
Update: 2025-12-11
Description
Hooker Furniture Corporation, a home furnishings giant, posted a significant net loss of $21.2 million in its fiscal third quarter, translating to a loss of $1.99 per share. However, after adjusting for factors like asset impairment costs and discontinued operations, the company reported earnings of $0.39 per share, indicating a more positive picture of their ongoing business. Despite the net loss, the company generated $70.7 million in revenue during this period, showcasing their sales activity. These results, compiled by Zacks Investment Research, highlight the complexities companies often face in financial reporting, especially when dealing with one-time charges or changes in business structure.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
