Interface Inc. Announces 5% Retreat In Q2 Bottom Line

(RTTNews) - Interface Inc. (TILE) reported a profit for second quarter that decreased compared to the same period last year.

The company said its earnings dropped to $20.66 million, or $0.32 per share. This was lower than $21.72 million, or $0.33 per share, in last year's second quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.9% to $248.21 million. This was down from $263.64 million last year.

Interface Inc. earnings at a glance:

-Earnings (Q2): $20.66 Mln. vs. $21.72 Mln. last year. -Earnings Decline (Y-o-Y): -4.9% -EPS (Q2): $0.32 vs. $0.33 last year. -EPS Decline (Y-o-Y): -3.0% -Analysts Estimate: $0.29 -Revenue (Q2): $248.21 Mln vs. $263.64 Mln last year. -Revenue Change (Y-o-Y): -5.9%