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Mohawk Industries profit misses consensus by 16.8% in fiscal Q3

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Mohawk Industries profit misses consensus by 16.8% in fiscal Q3

4077651 said its normalized net income for the fiscal third quarter ended Oct. 1 was $2.87 per share, compared with the S&P Capital IQ consensus estimate of $3.45 per share.

EPS rose 23.6% year over year from $2.32.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $214.2 million, an increase of 23.9% from $172.9 million in the prior-year period.

The normalized profit margin rose to 9.3% from 8.0% in the year-earlier period.

otal revenue grew 6.7% on an annual basis to $2.29 billion from $2.15 billion, and total operating expenses rose from the prior-ye Mohawk Industries Inc.