MANCHESTER, Conn. (AP) 鈥� MANCHESTER, Conn. (AP) 鈥� Bob’s Discount Furniture Inc. (BOBS) on Thursday reported first-quarter net income of $2.5 million.
The Manchester, Connecticut-based company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, were 9 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The furniture retailer posted revenue of $578.1 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $580.7 million.
Bob’s Discount Furniture expects full-year revenue in the range of $2.6 billion to $2.63 billion.
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