Investing.com - Flexsteel reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Flexsteel announced earnings per share of $0.09 on revenue of $95.70. Analysts polled by Investing.com anticipated EPS of $0.35 on revenue of $96.38M.
Flexsteel shares are down 24.37% from the beginning of the year, still down 56.56% from its 52 week high of $31.38 set on December 8, 2021.
Flexsteel follows other major Consumer Discretionary sector earnings this month
Flexsteel's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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