Stanley Furniture Expects 4Q Loss

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Stanley Furniture Expects 4Q Loss

Stanleytown, VA, October 16, 2007-- Stanley Furniture said it would post a loss in its fourth quarter.

 

The company said it expects a loss between $0.31 and $0.35 per share for the quarter, including a restructuring and impairment charge of $0.26 per share.

 

Analysts are expecting earnings of $0.18 per share.

 

In the 2006 fourth quarter, the company earned $0.14 per share.

 

Stanley Furniture expects revenue in the range of $62 million to $66 million.

 

The company said "industry-wide conditions" affecting demand led it to forecast a loss for the period