Mohawk Industries Q2 Adj $3.00 Beats $2.75 Estimate, Sales $2.80B Miss $2.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mohawk Industries (NYSE:MHK) reported Q2 earnings of $3.00 per share, beating the analyst estimate of $2.75. However, sales of $2.80 billion missed the $2.83 billion estimate. Earnings increased by 8.7% year-over-year, while sales decreased by 5.05%.
July 25, 2024 | 8:14 pm
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Mohawk Industries reported Q2 earnings of $3.00 per share, beating estimates by 9.09%. However, sales of $2.80 billion missed estimates by 1.02%. Earnings increased by 8.7% YoY, but sales decreased by 5.05%.
While Mohawk Industries beat earnings estimates significantly, the miss on sales and the year-over-year decline in sales may offset the positive impact of the earnings beat. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100