trending Market Intelligence /marketintelligence/en/news-insights/trending/fxZAJ1ChFouNtaEm47MBhw2 content esgSubNav
In This List

Mohawk Industries profit misses consensus by 16.8% in fiscal Q3

Blog

Gold Market Outlook

Blog

Expand Your Perspective: Intelligence

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills


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.