MillerKnoll Q1 EPS $0.37 Beats $0.21 Estimate, Sales $917.70M Beat $899.60M Estimate
Portfolio Pulse from Happy Mohamed
MillerKnoll (NASDAQ:MLKN) reported Q1 earnings of $0.37 per share, beating the analyst consensus estimate of $0.21 by 76.19%. However, this is a 15.91% decrease from the same period last year. The company also reported quarterly sales of $917.70 million, beating the estimate of $899.60 million by 2.01%, but marking a 14.95% decrease from last year.
September 26, 2023 | 8:06 pm
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MillerKnoll's Q1 earnings and sales exceeded estimates, but both showed a decrease compared to the same period last year. This mixed result could lead to uncertain market reactions.
While MillerKnoll beat the estimates for both earnings and sales, the year-over-year decrease in both metrics could be a concern for investors. This could lead to mixed market reactions, making the short-term impact on the stock price uncertain.
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IMPORTANCE 80
RELEVANCE 100