Mohawk Industries stock rises 5% as flooring company 'adapting' to leaner times

Mohawk Industries Inc. shares rose nearly 5% in the aftermarket Thursday after the carpet and flooring company reported quarterly earnings and sales above Wall Street expectations, saying its commercial side continued to show more resilience as compared with residential. Mohawk earned $80 million, or $1.26 a share, in the quarter, compared with $245 million, or $3.78 a share, in the year-ago quarter. Adjusted for one-time items, Mohawk earned $1.75 a share. Revenue dropped 7% to $2.

MHK shares rose nearly 5% in the aftermarket Thursday after the carpet and flooring company reported quarterly earnings and sales above Wall Street expectations, saying its commercial side continued to show more resilience as compared with residential. Mohawk earned $80 million, or $1.26 a share, in the quarter, compared with $245 million, or $3.78 a share, in the year-ago quarter. Adjusted for one-time items, Mohawk earned $1.75 a share. Revenue dropped 7% to $2.8 billion, the company said.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pinterest delivers earnings beat, will partner with Amazon as it opens third-party ad demandPinterest topped earnings, revenue and subscriber expectations Thursday. $PINS reported a net loss of $209 million, or 31 cents a share, compared to a loss of $5 million, or 1 cent a share, in the year-earlier period:
Source: MarketWatch - 🏆 3. / 97 Read more »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »