Mohawk Industries Q2 Adj $2.76 Beats $2.65 Estimate, Sales $3.00B Beat $2.94B Estimate
Portfolio Pulse from Happy Mohamed
Mohawk Industries (NYSE:MHK) reported Q2 earnings of $2.76 per share, beating the analyst consensus estimate of $2.65 by 4.15%. However, this is a 37.41% decrease from the same period last year. The company also reported quarterly sales of $3.00 billion, beating the estimate of $2.94 billion by 2.04%, but this is a 4.85% decrease from last year.
July 27, 2023 | 8:13 pm
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Mohawk Industries beat Q2 earnings and sales estimates but reported decreases from the same period last year.
While Mohawk Industries beat the Q2 earnings and sales estimates, the company reported a decrease in both earnings and sales compared to the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100