Herman Miller Inc. Earnings Drop 19% In Q3

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

The company said its profit fell to $22.5 million, or $0.39 per share. This was down from $27.9 million, or $0.46 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 2.2% to $524.9 million. This was down from $536.5 million last year.

Herman Miller Inc. earnings at a glance:

-Earnings (Q3): $22.5 Mln. vs. $27.9 Mln. last year. -Earnings Decline (Y-o-Y): -19.4% -EPS (Q3): $0.39 vs. $0.46 last year. -EPS Decline (Y-o-Y): -15.2% -Analysts Estimate: $0.32 -Revenue (Q3): $524.9 Mln vs. $536.5 Mln last year. -Revenue Change (Y-o-Y): -2.2%