Stanley Furniture (STLY) Tops Q4 EPS by 5c; Approves $5M Common Stock Buyback plan

Stanley Furniture (NASDAQ: STLY) reported Q4 EPS of $0.06, $0.05 better than the analyst estimate of $0.01. Revenue for the quarter came in at $13.8 million versus the consensus estimate of $14.74 million.

The company announced today that its board of directors has approved the resumption of repurchases of company common stock. In July 2012, the board of directors authorized the purchase of up to $5.0 million of company common stock. Approximately $4.0 million remains under this authorization, although no shares have been purchased under this authorization since 2013. These repurchases may be made from time to time in the open market, in privately negotiated transaction, or otherwise, at prices the company deems appropriate.

For earnings history and earnings-related data on Stanley Furniture (STLY) click here.

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