* Q1 EPS $0.05 vs $0.21 year ago
* Sales fall 18 pct
April 16 Office furniture maker Knoll Inc
(KNL.N) posted a 77 percent fall in quarterly profit, hurt by a
decline in office systems sales, and said it sees a recovery in
demand in the second half of 2010.
For the first quarter, net income was $2.2 million, or 5
cents a share, compared with $9.5 million, or 21 cents a share
a year ago. Excluding items, the company earned 10 cents a
Sales fell 18 percent to $175.3 million.
Analysts on average had expected earnings of 13 cents a
share, before special items, on revenue of $179.2 million,
according to Thomson Reuters I/B/E/S.
Backlog of unfilled orders at March 31 was $138.9 million,
a decline of 15 percent over the last year, the company said.
Shares of the company closed at $12.49 Thursday on the New
York Stock Exchange.
(Reporting by Divya Sharma in Bangalore; Editing by Vinu