CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported third-quarter profit of $108.8 million.
On a per-share basis, the Calhoun, Georgia-based company said it had profit of $1.75. Earnings, adjusted for one-time gains and costs, came to $2.67 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.
The flooring maker posted revenue of $2.76 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $2.73 billion.
For the current quarter ending in December, Mohawk Industries expects its per-share earnings to range from $1.90 to $2.
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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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