Mohawk Industries Inc Bottom Line Climbs 8% In Q2

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

The company said its bottom line climbed to $278.45 million, or $3.72 per share. This was up from $258.87 million, or $3.47 per share, in last year's second quarter.

Analysts had expected the company to earn $3.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.1% to $2.45 billion. This was up from $2.31 billion last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q2): $278.45 Mln. vs. $258.87 Mln. last year. -Earnings Growth (Y-o-Y): 7.6% -EPS (Q2): $3.72 vs. $3.47 last year. -EPS Growth (Y-o-Y): 7.2% -Analysts Estimate: $3.60 -Revenue (Q2): $2.45 Bln vs. $2.31 Bln last year. -Revenue Change (Y-o-Y): 6.1%

-Guidance: Next quarter EPS guidance: $3.70 to $3.79