Interface Inc. Earnings Retreat 21% In Q3

(RTTNews) - Interface Inc. (TILE) revealed a profit for third quarter that lost ground compared to the same period last year.

The company said its profit dropped to $15.90 million, or $0.25 per share. This was lower than $20.13 million, or $0.31 per share, in last year's third quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $248.35 million. This was down from $254.69 million last year.

Interface Inc. earnings at a glance:

-Earnings (Q3): $15.90 Mln. vs. $20.13 Mln. last year. -Earnings Decline (Y-o-Y): -21.0% -EPS (Q3): $0.25 vs. $0.31 last year. -EPS Decline (Y-o-Y): -19.4% -Analysts Estimate: $0.32 -Revenue (Q3): $248.35 Mln vs. $254.69 Mln last year. -Revenue Change (Y-o-Y): -2.5%