Mohawk Industries Inc Q3 adjusted earnings Beat Estimates

(RTTNews) - Mohawk Industries Inc (MHK) reported earnings for third quarter that declined from the same period last year.

The company's profit totaled $155.52 million, or $2.15 per share. This compares with $227.01 million, or $3.02 per share, in last year's third quarter.

Excluding items, Mohawk Industries Inc reported adjusted earnings of $199.43 million or $2.75 per share for the period.

Analysts had expected the company to earn $2.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.2% to $2.52 billion from $2.55 billion last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q3): $199.43 Mln. vs. $246.29 Mln. last year. -EPS (Q3): $2.75 vs. $3.29 last year. -Analysts Estimate: $2.63 -Revenue (Q3): $2.52 Bln vs. $2.55 Bln last year.