RTTNews | Oct 29, 2020 11:22PM EDT

23:22 Thursday, October 29, 2020 (RTTNews.com) - Mohawk Industries Inc. (MHK) reported that its third-quarter net earnings attributable to the company rose to $205.18 million or $2.87 per share from $155.52 million or $2.15 per share in the prior year.

Adjusted net earnings for the latest-quarter were $233 million or $3.26 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $2.14 per share. Analysts' estimates typically exclude special items.

Net sales for the third quarter of 2020 were $2.6 billion, an increase of 2% as reported and on a constant currency basis. Analysts expected revenue of $2.49 billion for the quarter.

The company anticipates its fourth quarter earnings per share to be $2.75 to $2.87. Analysts project fourth-quarter earnings of $1.99 per share.

MHK closed Thursday regular trading at $93.05, up $0.84 or 0.91%. In the after-hours, the stock further gained $10.25 or 10.99%.

Read the original article on RTTNews ( https://www.rttnews.com/3141156/mohawk-industries-q3-results-top-estimates-sees-q4-eps-above-view-stock-up.aspx)

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