CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported fourth-quarter net income of $33.5 million.
On a per-share basis, the Calhoun, Georgia-based company said it had profit of 52 cents. Earnings, adjusted for one-time gains and costs, came to $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The flooring maker posted revenue of $2.65 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $2.72 billion.
For the year, the company reported profit of $25.2 million, or 39 cents per share. Revenue was reported as $11.74 billion.
For the current quarter ending in March, Mohawk Industries expects its per-share earnings to range from $1.24 to $1.34. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.44.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MHK at https://www.zacks.com/ap/MHK
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