Ethan Allen Earnings Fall 46 Percent

Danbury, CT, July 23, 2008--Furniture retailer Ethan Allen Interiors reported a 46 percent decline in quarterly profit on Wednesday.

Earnings fell to $11.1 million, or 39 cents a share, for the fourth quarter, from $20.5 million, or 65 cents a share, a year earlier.

Excluding a restructuring charge, the company earned 45 cents per share, which matched analysts' estimate.