HNI Corp (HNI) released earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $13.9 million, or $0.29 per share. This compares with $17.7 million, or $0.37 per share, last year.
Excluding items, HNI Corp reported adjusted earnings of $21.1 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.0% to $599.8 million from $588.0 million last year.
HNI Corp earnings at a glance (GAAP) :
-Earnings: $13.9 Mln. vs. $17.7 Mln. last year.
-EPS: $0.29 vs. $0.37 last year.
-Revenue: $599.8 Mln vs. $588.0 Mln last year.
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