Benzinga | Sep 3, 2020 07:08AM EDT

Recap: Hooker Furniture Q2 Earnings

Shares of Hooker Furniture (NASDAQ:HOFT) increased 4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 37.14% over the past year to $0.48, which beat the estimate of $0.34.

Revenue of $130,537,000 declined by 14.26% from the same period last year, which missed the estimate of $153,170,000.

Outlook

Hooker Furniture hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Sep 03, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/44u2ekm2

Technicals

Company's 52-week high was at $26.99

Company's 52-week low was at $12.30

Price action over last quarter: Up 40.67%

Company Description

Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture and fabric-upholstered furniture for the residential, hospitality and contract markets. The company also domestically manufacture premium residential custom leather and custom fabric-upholstered furniture. Its segments are Hooker Branded, Home Meridian, Domestic Upholstery and others. The Hooker Branded segment includes a wide range of design categories, home entertainment, home office, dining and bedroom furniture, Home Meridian segment include Samuel Lawrence Furniture, Pulaski Furniture, Domestic Upholstery includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. The company generates a majority of its revenue from the Home Meridian Segment.