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Bassett: Fiscal Q4 Earnings Snapshot

BASSETT, Va. (AP) — BASSETT, Va. (AP) — Bassett Furniture Industries Inc. (BSET) on Wednesday reported fiscal fourth-quarter net income of $1.5 million.

On a per-share basis, the Bassett, Virginia-based company said it had profit of 18 cents. Earnings, adjusted for asset impairment costs, were 23 cents per share.

The furniture seller posted revenue of $88.7 million in the period.

For the year, the company reported net income of $6.1 million, or 70 cents per share, swinging to a profit in the period. Revenue was reported as $335.3 million.

Bassett shares have fallen almost 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.95, an increase of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSET at https://www.zacks.com/ap/BSET

Deadly helicopter crash in Hudson River likely caused by bird strike, NTSB says

▶ Watch Video: Deadly April 2025 chopper crash in Hudson River may have been caused by bird strike A bird strike most likely caused the helicopter crash in the Hudson River that killed six people near New York City last year, according to a National Transportation Safety Board report released Thursday.The NTSB found bird remains in the wreckage of the Bell 206L-4 helicopter and the surrounding area.A family of five from Spain, including three children, and the pilot died in the April 2025 crash.The crash happened about 17 minutes into a helicopter tour that took off from lower Manhattan just before 3 p.m. on April 10, 2025, went by the Statue of Liberty in New York Harbor and up the Hudson River, offering aerial views of New York City. The helicopter fell into the Hudson as it was making its way back down the river by New Jersey. Following the crash, the tour company, New York Helicopter Charter Inc., shut down.According to the NTSB report, pieces of the helicopter's main rotor blade and a severed bird wing were found on the ground and on rooftops about 2,000 feet away from where the wreckage was recovered.A specialist from the Smithsonian Institution's feather identification lab conducted sampling of the wreckage, according to the report. Additional sampling was done by the NTSB's lab to confirm the discovery of bird remains.A witness told NTSB investigators that just before the accident she saw a large flock of geese take flight."The geese were big and there were many of them. When the helicopter went bang, I immediately thought it was a bird strike," the witness said, according to the report.Multiple witnesses told the investigators they heard loud bangs and pops coming from the helicopter before it broke apart midair and fell into the Hudson.Surveillance video captured the helicopter suddenly breaking into three sections: the fuselage; the main rotor system that includes the two main rotor blades and the transmission; and the tail boom, which includes the tail rotor.According to the report, the toggle switch for a system designed to flash lights to try and prevent bird strikes was missing in the helicopter's wreckage from an overhead panel above the pilot's seat. The chief pilot for the tour company told investigators that using the system was voluntary and wasn't required during the day.The FAA said New York Helicopter Charter's license remains suspended and the agency says its working closely with the NTSB on the investigation.The owner of the company, Michael Roth, told CBS News New York he feels the FAA should restore his license."They should not only give me a license back, they also compensate me to get back in the business. And I want the city of New York to restore my license at the downtown heliport, which they wrongfully took," Roth said.Read the report    
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