RTTNews | Oct 28, 2021 05:07PM EDT

17:07 Thursday, October 28, 2021 (RTTNews.com) - Mohawk Industries Inc (MHK) announced a profit for its third quarter that advanced from the same period last year.

The company's profit totaled $270.98 million, or $3.93 per share. This compares with $205.12 million, or $2.87 per share, in last year's third quarter.

Excluding items, Mohawk Industries Inc reported adjusted earnings of $272.05 million or $3.95 per share for the period.

Analysts had expected the company to earn $3.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.7% to $2.82 billion from $2.57 billion last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q3): $272.05 Mln. vs. $232.94 Mln. last year.-EPS (Q3): $3.95 vs. $3.26 last year.-Analysts Estimate: $3.81-Revenue (Q3): $2.82 Bln vs. $2.57 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3237014/mohawk-industries-inc-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved