Interface Q1 2024 Adj EPS $0.24 Beats $0.12 Estimate, Sales $289.743M Beat $285.018M Estimate
Portfolio Pulse from Benzinga Newsdesk
Interface (NASDAQ:TILE) reported Q1 2024 adjusted EPS of $0.24, doubling the $0.12 estimate, with sales of $289.743M surpassing the $285.018M forecast. This represents a slight 2.05% decrease in sales compared to the same period last year.

May 03, 2024 | 9:32 am
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Interface reported a significant beat on both EPS and sales estimates for Q1 2024, with a minor year-over-year sales decline.
Beating EPS and sales estimates significantly, especially by doubling the expected EPS, is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The slight year-over-year sales decrease is noted but overshadowed by the strong earnings performance.
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RELEVANCE 100