ATLANTA (AP) _ Interface Inc. (TILE) on Wednesday reported third-quarter earnings of $8.2 million.
On a per-share basis, the Atlanta-based company said it had profit of 14 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 41 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The carpet tile company posted revenue of $318.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $316.4 million.
Interface shares have dropped 26 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.61, a drop of 14 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