Interface Inc. (TILE) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $28.443 million, or $0.48 per share. This compares with $9.879 million, or $0.17 per share, in last year's third quarter.
Excluding items, Interface Inc. reported adjusted earnings of $28.3 million or $0.48 per share for the period.
Analysts on average had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.7% to $344.270 million from $311.006 million last year.
Interface Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $28.443 Mln. vs. $9.879 Mln. last year.-EPS (Q3): $0.48 vs. $0.17 last year.-Revenue (Q3): $344.270 Mln vs. $311.006 Mln last year.
-Guidance:Full year revenue guidance: $1.315 to $1.325 Bln
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.