MILLERKNOLL, INC. (MLKN) released a profit 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 $22.1 million, or $0.30 per share. This compares with $0.4 million, or $0.01 per share, in last year's third quarter.
Excluding items, MILLERKNOLL, INC. reported adjusted earnings of $0.45 per share for the period.
Analysts on average had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 11.4% to $872.3 million from $984.7 million last year.
MILLERKNOLL, INC. earnings at a glance (GAAP) :
-Earnings (Q3): $22.1 Mln. vs. $0.4 Mln. last year.
-EPS (Q3): $0.30 vs. $0.01 last year.
-Revenue (Q3): $872.3 Mln vs. $984.7 Mln last year.
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