WASHINGTON (dpa-AFX) - (Adds Outlook)
Looking ahead, Interface, Inc. (TILE) expects its second-quarter sales above estimates, and also revised up annual sales guidance, higher than the Street view.
For the quarter, the company sees sales of $335 million- $345 million, compared with the consensus estimate of $330.61 million.
Annual sales are now projected to be in the range of $1.29 billion to $1.31 billion against the earlier guidance of $1.26 billion and $1.28 billion. Analysts on average estimate revenue $1.27 billion, for the year.
Q1 Results:
Below are the earnings highlights for Interface.
Earnings: $14.179 million in Q1 vs. -$0.714 million in the same period last year. EPS: $0.24 in Q1 vs. -$0.01 in the same period last year. Excluding items, Interface Inc. reported adjusted earnings of $14.2 million or $0.24 per share for the period.
Analysts projected $0.12 per share Revenue: $289.743 million in Q1 vs. $295.792 million in the same period last year.
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