WASHINGTON (dpa-AFX) - Mohawk Industries Inc (MHK) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $139.49 million, or $2.18 per share. This compares with $33.46 million, or $0.52 per share, in last year's fourth quarter.
Excluding items, Mohawk Industries Inc reported adjusted earnings of $125.26 million or $1.96 per share for the period.
Analysts on average had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.5% to $2.61 billion from $2.65 billion last year.
Mohawk Industries Inc earnings at a glance (GAAP) :
-Earnings (Q4): $139.49 Mln. vs. $33.46 Mln. last year. -EPS (Q4): $2.18 vs. $0.52 last year. -Analyst Estimate: $1.86 -Revenue (Q4): $2.61 Bln vs. $2.65 Bln last year.
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