Mohawk Industries: Q2 Earnings Snapshot
CALHOUN, Ga. (AP) _ Mohawk Industries Inc. (MHK) on Thursday reported second-quarter net income of $280.4 million.
The Calhoun, Georgia-based company said it had net income of $4.40 per share. Earnings, adjusted for one-time gains and costs, came to $4.41 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.35 per share.
The flooring maker posted revenue of $3.15 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $3.2 billion.