MillerKnoll Stock Dips After Q1 Results: Here's Why
Portfolio Pulse from Erica Kollmann
MillerKnoll's stock dipped after reporting Q1 earnings that missed analyst expectations. The company reported earnings of 36 cents per share and revenue of $861.50 million, both below estimates. Despite a rise in orders and backlog, the outlook for Q2 earnings and revenue also fell short of expectations.
September 19, 2024 | 9:13 pm
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MillerKnoll's Q1 earnings and revenue missed analyst estimates, leading to a 2.62% drop in share price. Despite some positive metrics like order growth and improved gross margins, the Q2 outlook also fell short of expectations.
MillerKnoll's earnings and revenue both missed analyst expectations, which is a negative indicator for investors. The company's Q2 outlook also fell short, suggesting potential continued challenges. These factors contributed to the immediate drop in share price.
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