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Interface (NASDAQ:TILE) Releases Earnings Results, Beats Estimates By $0.24 EPS
['Ethan Ryder']
Ticker Report
The textile maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24, FiscalAI reports.
Interface Stock PerformanceShares of Interface stock traded up $3.19 during midday trading on Friday, hitting $38.29.
Weiss Ratings reissued a “buy (b-)” rating on shares of Interface in a research report on Wednesday, June 17th.
Interface Surpasses Q2 Earnings and Revenue EstimatesAdjusted earnings were $0.88 per share, well above the $0.63-$0.64 analyst consensus and up from $0.60 a year earlier.
Neutral Sentiment: Third-quarter revenue guidance: Interface projected sales of $370 million to $380 million, close to the $379 million analyst estimate.