(Reuters) - The company reported fourth-quarter profit of 34 cents a share, including a 2 cents charge for stock option expense. It had posted a loss of 52 cents a share in the year-ago quarter, including a 74 cents charge for a valuation allowance against its deferred tax assets.
Analysts were expecting earnings of 36 cents a share, excluding items, in the latest quarter, according to Reuters Estimates. The furniture and housewares retailer forecast first-quarter loss of 19 cents to 22 cents a share, on total revenue of $145 million to $150 million.
Read more at Reuters.com Market News
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