Mohawk Industries Q1 2024 Adj EPS $1.86 Beats $1.68 Estimate, Sales $2.679B Beat $2.646B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mohawk Industries (NYSE:MHK) reported Q1 2024 earnings of $1.86 per share, surpassing the $1.68 estimate, with sales of $2.679B also beating the $2.646B estimate. This represents a 4.53% decrease in sales compared to the same period last year.
April 25, 2024 | 8:11 pm
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Mohawk Industries reported higher than expected Q1 2024 earnings and sales, with an EPS of $1.86 and sales of $2.679B, outperforming estimates.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported decrease in sales year-over-year is a concern, but the immediate impact of exceeding analyst expectations is likely to be positive.
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RELEVANCE 100