HNI Corp. Q4 Profit Up - Quick Facts

(RTTNews) - HNI Corp. (HNI) Tuesday reported fourth-quarter profit of $22.8 million or $0.50 per share, up from $17.6 million or $0.39 per share in the same period last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.46 per share for the quarter. Analysts' estimates typically exclude special items. Sales improved 2.6 percent to $541.3 million from $527.5 million last year. Analysts expected revenues of $536.05 million.

Looking ahead to the first quarter, the company has forecast adjusted earnings in the range of $0.07 to $0.12 per share. Analysts currently expect first-quarter earnings of $0.10 per share.

For the fiscal 2014, the corporation currently projects adjusted earnings in the range of $1.60 to $1.80 per share, up from its previous guidance range of $1.30 to $1.40 per share. Analysts currently expect full-year earnings of $1.72 per share.