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Interior furnishings company Herman Miller (MLHR 31.80, +0.93) reported its first quarter results after yesterday's close. They were better than expected and so was the company's second quarter guidance. That combination has the stock trading up 3.0% in pre-market action.
The upshot of the first quarter report is that it follows a fiscal fourth quarter report in June that was mixed and accented by some relatively disappointing guidance for the first quarter.
As it turned out, Herman Miller managed expectations well. It said in June that it expected diluted EPS …More