RTTNews | Mar 2, 2021 05:41AM EST

05:41 Tuesday, March 2, 2021 (RTTNews.com) - Interface Inc. (TILE) released a profit for its fourth quarter that advanced from the same period last year.

The company's earnings totaled $19.62 million, or $0.33 per share. This compares with $16.43 million, or $0.28 per share, in last year's fourth quarter.

Excluding items, Interface Inc. reported adjusted earnings of $16.0 million or $0.27 per share for the period.

Analysts had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.4% to $276.95 million from $339.48 million last year.

Interface Inc. earnings at a glance:

-Earnings (Q4): $16.0 Mln. vs. $26.9 Mln. last year.-EPS (Q4): $0.27 vs. $0.46 last year.-Analysts Estimate: $0.25-Revenue (Q4): $276.95 Mln vs. $339.48 Mln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3174132/interface-inc-q4-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved