Herman Miller (MLHR) Releases Earnings Results, Beats Expectations By $0.04 EPS

Herman Miller (MLHR) reported quarterly earnings results on Wednesday, Jun-22-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.52. The company posted revenue of $582.60 million in the period, compared to analysts expectations of $568.55 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Herman Miller closed down -0.13 points or -0.41% at $31.48 with 2,70,996 shares getting traded on Tuesday. Post opening the session at $31.55, the shares hit an intraday low of $31.21 and an intraday high of $31.8676 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Apr 27, 2016, Dorothy A Terrell (director) sold 6,100 shares at $30.76 per share price. According to the SEC, on Jan 22, 2016, Douglas D French (director) sold 976 shares at $24.92 per share price. On Oct 22, 2015, David O Ulrich (director) sold 11,922 shares at $31.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Herman Miller Inc. researches designs manufactures and distributes interior furnishings for use in various environments including office healthcare educational and residential settings and provides related services that support organizations and individuals all over the world. It operates in three segments: North American Furniture Solutions which includes the operations associated with the design manufacture and sale of furniture products for work-related settings including office education and healthcare environments throughout the United States and Canada; ELA Furniture Solutions which includes EMEA Latin America and Asia-Pacific. ELA Furniture Solutions includes the operations associated with the design manufacture and sale of furniture products primarily for work-related settings in these aforementioned geographic regions; and Specialty and Consumer which includes the operations associated with the design manufacture and sale of furniture products.

Herman Miller

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