MillerKnoll: Fiscal Q1 Earnings Snapshot

    ZEELAND, Mich. (AP) — ZEELAND, Mich. (AP) — MillerKnoll, Inc. (MLKN) on Tuesday reported fiscal first-quarter earnings of $26.6 million.

    The Zeeland, Michigan-based company said it had profit of 38 cents per share. Earnings, adjusted for one-time gains and costs, were 53 cents per share.

    The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

    The furniture maker posted revenue of $923.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $942.7 million.

    For the current quarter ending in November, MillerKnoll expects its per-share earnings to range from 43 cents to 49 cents.

    The company said it expects revenue in the range of $972 million to $1.01 billion for the fiscal second quarter.

    MillerKnoll expects full-year earnings in the range of $1.85 to $2.15 per share, with revenue ranging from $3.88 billion to $4.03 billion.

    _____

    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLKN at https://www.zacks.com/ap/MLKN

    Source

    Latest Posts