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Interface beats 4Q profit forecasts

ATLANTA (AP) _ Interface Inc. (TILE) on Wednesday reported fourth-quarter profit of $4.7 million.

The Atlanta-based company said it had profit of 7 cents per share. Earnings, adjusted for restructuring costs, were 28 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The carpet tile company posted revenue of $239.5 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $249 million.

For the year, the company reported profit of $54.2 million, or 83 cents per share. Revenue was reported as $958.6 million.

Interface shares have decreased 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.80, a rise of 3 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


Keywords: Interface, Earnings Report