Interface Q3 Adj. EPS $0.28 Beats $0.26 Estimate, Sales $311.01M Miss $324.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Interface (NASDAQ:TILE) reported Q3 adjusted earnings of $0.28 per share, beating the analyst consensus estimate of $0.26 by 7.69%. However, this is a 6.67% decrease from the same period last year. The company's quarterly sales of $311.01 million missed the analyst consensus estimate of $324.75 million by 4.23%, marking a 5.11% decrease from the same period last year.
November 03, 2023 | 9:31 am
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Interface's Q3 earnings beat estimates but are down from last year. Sales also missed estimates and are down from last year.
Interface's earnings beat estimates, which is positive. However, the decrease in earnings and sales compared to the same period last year, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the company's stock price in the short term.
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