Ethan Allen (ETH) Tops Q3 EPS by 4c

Ethan Allen (NYSE: ETH) reported Q3 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $190.6 million versus the consensus estimate of $183.04 million.

Chairman and CEO, Farooq Kathwari commented "The operating leverage of our vertically integrated structure resulted in our adjusted operating earnings increasing 55.0%. Adjusted earnings per share increased by 88.9%, which was also benefited by lower interest expense." Mr. Kathwari continued, "We are making very good progress with repositioning our product offerings, our interior design network, making technology enhancements and improvements in our manufacturing, sourcing and logistics. We remain cautiously optimistic."

For earnings history and earnings-related data on Ethan Allen (ETH) click here.

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