Herman Miller Inc. (MLHR) announced financial results for the second quarter, posting net income of $9.6 million or $0.17 per share, compared to $32.6 million or $0.60 per share in the prior year period. Adjusted earnings per share for the quarter was $0.20, compared to $0.61 in last year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $343.7 million, compared to $476.6 million in the previous year period. Three Wall Street analysts expected revenues of $334.47 million.
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