Knoll Inc (KNL) Releases Earnings Results, Beats Expectations By $0.02 EPS

Knoll Inc (KNL) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.42. The company posted revenue of $294.70 million in the period, compared to analysts expectations of $286.95 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Knoll Inc closed down -0.41 points or -1.60% at $25.2 with 5,57,887 shares getting traded on Thursday. Post opening the session at $25.66, the shares hit an intraday low of $24.41 and an intraday high of $25.66 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 3, 2016, Benjamin A Pardo (E.V.P.-Director of Design) sold 4,200 shares at $25.16 per share price. According to the SEC, on May 27, 2016, Andrew B Cogan (President & CEO) sold 20,000 shares at $24.01 per share price. On May 27, 2016, Michael A Pollner (SVP, General Counsel & Sec.) sold 6,000 shares at $24.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Knoll Inc. is a designer and manufacturer of furnishings textiles and leather for the workplace and home. The Company operates through three segments: Office Studio and Coverings. The Office segment includes systems seating storage tables desks and KnollExtra ergonomic accessories as well as the international sales of its North American Office products. The Company’s Studio segment includes its KnollStudio division the Company’s European subsidiaries which primarily sell KnollStudio products Richard Schultz Design and as of February 3 2014 Holly Hunt Enterprises Inc. The Coverings segment includes KnollTextiles Spinneybeck (including Filzfelt) and Edelman Leather. The Company offers its portfolio of furniture textiles and leathers across five product categories: office systems; office seating; files and storage; desks casegoods and tables and specialty products. The Company markets its products under the Knoll and HOLLY HUNT brands.

Knoll Inc

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