The $6 million increase topped second quarter profits in 2004 when restructuring and impairment charges of $12.8 million in left the company with profits of $12.5 million or 53 cents per share.
The results for the quarter ending June 30 was 2 cents above the mean estimate of industry analysts who had expected the Danbury, CT-based company to earn 54 cents a share in the quarter.
"Overall, we are pleased with our operating results for the last 12 months in light of the challenging economic environment," Ethan Allen Chairman and CEO Farooq Kathwari told investors and analysts in a conference call Thursday.
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