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Embattled Danbury company falls short of sales expectations

2015-10-21 03:49:15| Furniture - Topix.net

A preliminary financial report issued by Ethan Allen this week shows the company met expectations in terms of earnings for the first quarter of the year but fell short of analyst expectations for sales in the quarter. Ethan Allen, which is in the middle of a proxy fight levied by activist investor Sandell Asset Management, a Manhattan based hedge fund, announced late Monday that earnings for the first quarter will be in the range of 45 cents per share but also reported that sales during the quarter were flat from the same time period last year, when the company reported sales of about $190 million.

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