Ethan Allen Posts Preliminary 3Q Loss, Sales Slump

Analysts predict the company will earn 4 cents a share in the period on revenue of $170.1 million, according to Thomson Reuters. They typically exclude one-time items from their estimates. Ethan Allen did not specify its revenue in the quarter, but in the same period last year the company earned $8.8 million, or 30 cents a share, on revenue of $235.9 million.

Ethan Allen said in a statement its March business improved from the previous month but was much lower than in the same period last year.

Shares of Ethan Allen rose $1.04, or 8.8 percent, to close at $12.87 on Tuesday. But in after-hours trading shares fell $1.37, or 10.6 percent, to $11.50.