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HNI Corp Q2 adjusted earnings Miss Estimates

HNI Corp (HNI) revealed earnings for second quarter that declined from last year.

The company's earnings came in at $15.81 million, or $0.36 per share. This compares with $18.60 million, or $0.42 per share, in last year's second quarter.

Excluding items, HNI Corp reported adjusted earnings of $16.5 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.2% to $526.0 million from $543.6 million last year.

HNI Corp earnings at a glance:

-Earnings (Q2): $16.5 Mln. vs. $19.4 Mln. last year.
-EPS (Q2): $0.38 vs. $0.44 last year.
-Analysts Estimate: $0.41
-Revenue (Q2): $526.0 Mln vs. $543.6 Mln last year.

-Guidance:
Full year EPS guidance: $2.50 to $2.70

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