Mohawk Industries Inc Q2 Earnings Rise 30%

(RTTNews) - Mohawk Industries Inc (MHK) released a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line rose to $258.87 million, or $3.47 per share. This was higher than $198.64 million, or $2.69 per share, in last year's second quarter.

Analysts had expected the company to earn $3.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.2% to $2.31 billion. This was up from $2.04 billion last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q2): $258.87 Mln. vs. $198.64 Mln. last year. -Earnings Growth (Y-o-Y): 30.3% -EPS (Q2): $3.47 vs. $2.69 last year. -EPS Growth (Y-o-Y): 29.0% -Analysts Estimate: $3.37 -Revenue (Q2): $2.31 Bln vs. $2.04 Bln last year. -Revenue Change (Y-o-Y): 13.2%

-Guidance: Next quarter EPS guidance: $3.40 to $3.49