ATLANTA (AP) _ Interface Inc. (TILE) on Wednesday reported first-quarter earnings of $7.1 million.
On a per-share basis, the Atlanta-based company said it had profit of 12 cents. Earnings, adjusted for amortization costs, came to 14 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The carpet tile company posted revenue of $297.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $303.5 million.
Interface shares have increased 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.09, a drop of 32 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TILE at https://www.zacks.com/ap/TILE