CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported fourth-quarter earnings of $42 million.
The Calhoun, Georgia-based company said it had profit of 68 cents per share. Earnings, adjusted for non-recurring costs, came to $2 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The flooring maker posted revenue of $2.7 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.72 billion.
For the year, the company reported profit of $369.9 million, or $5.93 per share. Revenue was reported as $10.79 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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