Ethan Allen jumps on profit gain
Shares of Ethan Allen Interiors jumped on a 49% profit gain in the quarter as the manufacturer and retailer completed a major product rollout. The company said net income totaled $10.06 million or 35 cents per share, compared $6.77 million or 23 cents last year. Sales rose 1.4 percent to $187.4 million. Chairman and chief executive Farooq Kathwari said retail division orders remained strong also.