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Flexsteel announced first quarter results yesterday.

Earnings of $0.61 per share;
Net sales were $112 million;
Net income was $4.8 million; and
Ending cash balance increased $6 million to $43 million.

Sales were down 11.4% YoY, and analysts expected $126.5 i revenue.

Shares of the thinly traded stock are down 13% this morning.
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