Herman Miller Inc. Q1 Earnings Rise 8%

(RTTNews) - Herman Miller Inc. (MLHR) released a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line rose to $36.3 million, or $0.60 per share. This was up from $33.5 million, or $0.56 per share, in last year's first quarter.

Analysts had expected the company to earn $0.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.9% to $598.6 million. This was up from $565.4 million last year.

Herman Miller Inc. earnings at a glance:

-Earnings (Q1): $36.3 Mln. vs. $33.5 Mln. last year. -Earnings Growth (Y-o-Y): 8.4% -EPS (Q1): $0.60 vs. $0.56 last year. -EPS Growth (Y-o-Y): 7.1% -Analysts Estimate: $0.62 -Revenue (Q1): $598.6 Mln vs. $565.4 Mln last year. -Revenue Change (Y-o-Y): 5.9%

-Guidance: Next quarter EPS guidance: $0.52 - $0.56 Next quarter revenue guidance: $580 - $600 Mln