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Mohawk Industries Inc Q1 Profit Increases, beats estimates

Mohawk Industries Inc (MHK) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $245.33 million, or $3.78 per share. This compares with $236.81 million, or $3.36 per share, in last year's first quarter.

Excluding items, Mohawk Industries Inc reported adjusted earnings of $245.56 million or $3.78 per share for the period.

Analysts on average had expected the company to earn $2.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.1% to $3.02 billion from $2.67 billion last year.

Mohawk Industries Inc earnings at a glance (GAAP) :

-Earnings (Q1): $245.33 Mln. vs. $236.81 Mln. last year.
-EPS (Q1): $3.78 vs. $3.36 last year.
-Analyst Estimate: $2.90
-Revenue (Q1): $3.02 Bln vs. $2.67 Bln last year.

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