Mohawk Industries Inc Reports 18% Rise In Q3 Bottom Line

(RTTNews) - Mohawk Industries Inc (MHK) reported earnings for its third quarter that rose from last year.

The company said its bottom line totaled $261.21 million, or $3.50 per share. This was up from $221.90 million, or $2.98 per share, in last year's third quarter.

Analysts had expected the company to earn $3.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.5% to $2.29 billion. This was up from $2.15 billion last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q3): $261.21 Mln. vs. $221.90 Mln. last year. -Earnings Growth (Y-o-Y): 17.7% -EPS (Q3): $3.50 vs. $2.98 last year. -EPS Growth (Y-o-Y): 17.4% -Analysts Estimate: $3.46 -Revenue (Q3): $2.29 Bln vs. $2.15 Bln last year. -Revenue Change (Y-o-Y): 6.5%

-Guidance: Next quarter EPS guidance: $3.16 to $3.25