Herman Miller (MLHR) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Herman Miller (MLHR) announced its most recent quarterly financial results on Wednesday, Sep-21-2016. MLHR reported $0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.62. The company posted revenue of $598.60 million in the period, compared to analysts expectations of $614.20 million. MLHR’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Herman Miller closed down -3.11 points or -8.82% at $32.15 with 12,24,908 shares getting traded on Tuesday. Post opening the session at $33.56, the shares hit an intraday low of $31.94 and an intraday high of $33.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 11, 2016, Brian C Walker (CEO) sold 8,000 shares at $33.69 per share price. According to the SEC, on Aug 1, 2016, Dorothy A Terrell (director) sold 3,900 shares at $32.91 per share price. On Jul 25, 2016, Hezron T. Lopez (SVP Legal Services,) sold 1,849 shares at $32.61 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

Leave a Reply

Herman Miller - Is it time to Sell?

Top Brokerage Firms are advising their investors on Herman Miller. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.