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Mohawk Industries Inc Comments On FY 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance Below Analysts' Estimates

Thursday, 21 Feb 2013 04:01pm EST 

Mohawk Industries Inc announced that it anticipate revenue growth for fiscal 2013 as the U.S. market improves and the Company realize some benefits from recent acquisitions. The first quarter earnings are seasonally the lowest and represented a little less than one sixth of 2012's full year results. With this, the Company's guidance for first quarter of 2013 earnings is $0.77 to $0.86 per share (EPS), excluding any restructuring, acquisition costs and interest on the new bonds for Marazzi. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.898 billion for fiscal 2013 and EPS of $0.92 for the first quarter of 2013 

Company Quote

-1.74 -1.37%
3:25pm EDT