Interface: 2Q Earnings Snapshot
ATLANTA (AP) _ Interface Inc. (TILE) on Thursday reported second-quarter net income of $29.5 million.
On a per-share basis, the Atlanta-based company said it had net income of 50 cents. Earnings, adjusted for amortization costs, were 51 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The carpet tile company posted revenue of $357.5 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $360.3 million.
Interface shares have increased slightly more than 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.58, a decline of 34% in the last 12 months.