These Analysts Cut Their Forecasts On Mohawk Industries After Q3 Results

Mohawk Industries, Inc.  (NYSE:MHK) reported better-than-expected results for its third quarter, after the closing bell on Thursday.

The company posted quarterly earnings of $2.90 per share which beat the analyst consensus estimate of $2.89 per share. The company reported quarterly sales of $2.719 billion which beat the analyst consensus estimate of $2.700 billion.

Chairman and CEO Jeff Lorberbaum stated, “We delivered a solid performance in soft market conditions, which reflects the positive impact of our sales initiatives, productivity and restructuring actions as well as lower input costs, partially offset by pricing and mix pressure. ...