Herman Miller Inc. Q4 adjusted earnings Beat Estimates

(RTTNews) - Herman Miller Inc. (MLHR) released earnings for fourth quarter that decreased from the same period last year.

The company's profit came in at $31.8 million, or $0.53 per share. This compares with $33.4 million, or $0.55 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $618.0 million from $577.2 million last year.

Herman Miller Inc. earnings at a glance:

-EPS (Q4): $0.66 vs. $0.64 last year. -Analysts Estimate: $0.58 -Revenue (Q4): $618.0 Mln vs. $577.2 Mln last year.

-Guidance: Next quarter EPS guidance: $0.63 to $0.67 Next quarter revenue guidance: $610 - $630 Mln