Ethan Allen sees profit below Wall Street views
ATLANTA, Sept 2 |
ATLANTA, Sept 2 (Reuters) - Furniture retailer Ethan Allen Interiors Inc (ETH.N) forecast lower-than-expected profit for its current quarter on Tuesday, citing "substantially lower" sales volumes in July and August from a year earlier.
The company said it expects per-share earnings of 20 cents to 26 cents a diluted share for its first quarter. Analysts on average expected profit of 49 cents a share, according to Reuters Estimates. (Reporting by Karen Jacobs; Editing by Phil Berlowitz)
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