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HNI Corp Issues Q4 2013 Revenue Guidance Below Analysts' Estimates; Raises Low End Of Prior FY 2013 EPS Guidance


Wednesday, 16 Oct 2013 05:17pm EDT 

HNI Corp announced that for the fourth quarter of 2013, it expects sales growth to be flat to up 3% over the same period in the prior year. For fiscal 2013, the Corporation is narrowing its estimate of non-GAAP earnings per diluted share to the range of $1.35 to $1.40, which excludes restructuring charges, transition costs and a loss on the sale of a business. The Company reported revenue of $527.54 million in the fourth quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $578.03 million for the fourth quarter of 2013; EPS of $1.40 for fiscal 2013. 

Company Quote

33.54
-1.18 -3.40%
17 Apr 2014