Haverty (HVT) Tops Q3 EPS by 1c

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Havertys Reports Earnings for Third Quarter 2016

October 31, 2016 5:53 PM EDT

ATLANTA, Oct. 31, 2016 (GLOBE NEWSWIRE) -- HAVERTYS (NYSE: HVT) (NYSE:HVT.A) reports earnings per share of $0.34 for the third quarter of 2016, the same earnings per share results as the comparable period in 2015.  The earnings per share for the nine months ended September 30, 2016 is $0.79 compared to $0.81 for the same period of 2015.

Clarence H. Smith, chairman, president and chief executive officer, said, Our third quarter earnings were flat with the prior year as modest sales increases and improved gross margins were offset by expanded operating costs.  Sales gains were made across most product categories and... More