HNI Shares Rise After Q2 Adjusted Earnings, Revenue Increase
MT Newswires Live
Jul 30
HNI's (HNI) shares were up more than 5% in Thursday trading after the company reported Q2 adjusted earnings of $1.27 per diluted share, up from $1.11 a year earlier.
Four analysts polled by FactSet expected $1.04.
Net sales for the quarter ended July 4 rose to $1.47 billion from $667.1 million a year earlier. Analysts expected $1.48 billion.
For Q3, the company said it expects adjusted EPS to increase at a rate in the mid-to-high 20% range from a year earlier. Analysts expect $1.31.
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