A humbling quarter by the company over the fiscal span ending July 31 2022, Hooker Furnishings (HOFT)

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A humbling quarter by the company over the fiscal span ending July 31 2022

company recorded second quarter of 2022 operating surplus of $7.291 millions

Published 2022-09-09T12:03:52+00:00
Goran Soko / CSIMarket.com Contributer

For the second quarter of 2022 company net profit per share dropped by -25.81 % of $0.46 per share compare to $0.62 a year ago and earnings per share soared by 76.92 % from $0.26 per share from the previous quarter.

Revenues depreciated by -5.914 % to $152.91 millions from $162.52 millions in the similar quarter a year ago and sequentially Revenues advanced by 3.797 % from $147.31 millions.

Net profits of $5.543 millions in the second quarter of 2022 fell by -25.77 % from $7.467 millions in the corresponding period a year before. Looking further into second quarter of 2022 Hooker Furnishings Corporation's profitability, operating margin mitigated to 4.77%, and net margin shrank to 3.63%.
Operating earnings, fell -24.53% to $7.291 millions, squeezing Hooker Furnishings Corporation's operating margin to %.

Hooker Furnishings Corporation is expected to report next financial earnings on April 14, 2023.

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Revenue grew by 5.562 % to $195.10 millions from $184.82 millions in the similar quarter a year prior and sequentially Revenue Tumbled by -47.142 % from $369.11 millions.

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For the financial interval ending December 31 2022 Altex Industries Inc Losses have widen of $-0.01 per share compare to $0.00 a year ago and Income per Share improved from $-0.03 per share from the prior financial reporting period.

Revenues faded by -38.095 % to $0.01 millions from $0.02 millions in the corresponding financial reporting period a year ago and sequentially Revenues increased from $0.00 millions.

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JOUTs' income deteriorated, despite of Revenue rise in the first quarter of 2022 financial report, income per share plummeted by -46.73 % to $0.57 per share, while Revenue increased widely by 16.162 % to $178.34 millions, from the same reporting season a year ago.

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A humbling quarter by the company over the fiscal span ending July 31 2022

company recorded second quarter of 2022 operating surplus of $7.291 millions

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