Herman Miller Inc. (MLHR) reported first quarter adjusted EPS of $0.38 after the close Wednesday, which fell short of the consensus estimate of $0.39. Second quarter adjusted EPS is expected to be between $0.37 and $0.41, compared to the consensus estimate of $0.42.
Herman Miller gapped open lower Thursday, but traded in a narrow range for the majority of the session. The stock closed down by 1.73 at $18.58 and fell to over a one-month low.
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