Interface Profit In Line With Estimates, Revenue Misses - Quick Facts

(RTTNews) - Interface Inc (TILE), a maker of modular carpet products, Wednesday reported third-quarter net loss of $376 thousand or $0.01 per share compared with a profit of $14.96 million or $0.23 per share last year.

Results for the quarter included a pre-tax restructuring and asset impairment charge of $12.4 million.

Excluding items, adjusted earnings for the quarter were $0.13 per share.

Revenues for the quarter were $252.2 million compared with $254.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.13 per share on revenues of $256.5 million for the quarter. Analysts' estimates typically exclude special items.