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Interface misses Street 1Q forecasts

ATLANTA (AP) _ Interface Inc. (TILE) on Wednesday reported first-quarter profit of $8.5 million.

On a per-share basis, the Atlanta-based company said it had profit of 13 cents. Earnings, adjusted for restructuring costs, came to 21 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The carpet tile company posted revenue of $221.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $221.6 million.

Interface shares have increased 7.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.95, a rise of 8 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