Revenue Update on Hooker Furniture Corporation(NASDAQ:HOFT)

Hooker Furniture Corporation(NASDAQ:HOFT) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Jun 7, 2016. Company reported revenue of $121.83M. Analysts estimated a revenue of $124.80M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.46.

In a different note, On Mar 23, 2016, BB&T Capital said it Downgrades its rating on Hooker Furniture Corporation. The shares have been rated ‘Hold’ by the firm.

Hooker Furniture Corporation (HOFT) made into the market gainers list on Fridays trading session with the shares advancing 5.09% or 1.17 points. Due to strong positive momentum, the stock ended at $24.17, which is also near the day’s high of $24.96. The stock began the session at $22.85 and the volume stood at 2,45,945 shares. The 52-week high of the shares is $35.95 and the 52 week low is $20.29. The company has a current market capitalization of $279 M and it has 1,15,35,251 shares in outstanding.

Hooker Furniture Corporation is a home furnishings marketing design and logistics company offering sourcing of residential casegoods and upholstery as well as domestically-produced custom leather and fabric-upholstered furniture. The Company’s segments are casegoods furniture upholstered furniture and all other. Its casegoods product categories include accents home office dining bedroom and home entertainment furniture under the Hooker Furniture brand. Its residential upholstered seating companies include Bradington-Young a specialist in upscale motion and stationary leather furniture and Sam Moore Furniture a specialist in upscale occasional chairs settees sofas and sectional seating with a focus on cover-to-frame customization. It also markets a line of imported leather upholstery under the Hooker Upholstery trade name. It caters to retailers of residential home furnishings.

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