CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported third-quarter profit of $162 million.
The Calhoun, Georgia-based company said it had profit of $2.55 per share. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The flooring maker posted revenue of $2.72 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $2.71 billion.
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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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