Interface Q2 Adj EPS $0.25 Beats $0.18 Estimate, Sales $329.60M Miss $334.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Interface (NASDAQ:TILE) reported Q2 adjusted earnings of $0.25 per share, beating the analyst consensus estimate of $0.18 by 38.89%. However, this is a 30.56% decrease from the same period last year. The company's quarterly sales were $329.60 million, missing the analyst consensus estimate of $334.50 million by 1.46%, and marking a 4.91% decrease from the same period last year.
August 04, 2023 | 2:57 pm
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NEGATIVE IMPACT
Interface's Q2 earnings exceeded estimates but are down YoY. Sales missed estimates and are also down YoY.
Interface's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100