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Ethan Allen: Fiscal 1Q Earnings Snapshot

DANBURY, Conn. (AP) _ Ethan Allen Interiors Inc. (ETH) on Thursday reported fiscal first-quarter profit of $9.4 million.

On a per-share basis, the Danbury, Connecticut-based company said it had profit of 37 cents. Earnings, adjusted for non-recurring gains, were 36 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The home furnishings company posted revenue of $151.1 million in the period, which met Street forecasts.

Ethan Allen shares have fallen 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.62, a decline of 16% in the last 12 months.

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Todd Schnitt

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