CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported fourth-quarter earnings of $139.5 million.
The Calhoun, Georgia-based company said it had net income of $2.18 per share. Earnings, adjusted for one-time gains and costs, came to $1.96 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The flooring maker posted revenue of $2.61 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.58 billion.
For the year, the company reported a loss of $439.5 million, or $6.90 per share. Revenue was reported as $11.1 million.
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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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