Hooker Furniture (HOFT) Surpasses Q2 Earnings Estimates

Hooker Furniture reported quarterly earnings of $0.11 per share, beating consensus estimates of a loss of $0.02 per share, representing a 650% earnings surprise. However, the company missed revenue expectations with $63.25 million versus the consensus estimate, down 23% year-over-year. The stock received a Zacks Rank #3 (Hold) rating, with the furniture industry currently in the bottom 12% of Zacks-ranked industries.